Popular pizza restaurant with huge growth potentia, located in sydney nsw 3378

Popular pizza restaurant with huge growth potential

Advert Id: 294957

Location:Marrickvile, Sydney, New South Wales
Category:Restaurant
Asking Price:$280,000
280000

Sales revenue :$773,500
Net profit :$77,032
Furniture/Fixtures value :Undisclosed
Inventory/Stock value : Undisclosed

Popular pizza restaurant with huge growth potential

Business description

Summary

Our client is a well established and beloved pizza restaurant situated in the heart of Marrickville. Established in 2011, it is a popular restaurant with the locals as it is perfectly located close to the Metro shopping centre, industrial area, Enmore Park and others. The business offers a delicious range of pizzas, pastas, calzones, dessert and more for dinner. The business has huge untapped potential with a possibility of expanding the menu and opening times to include breakfast and lunch.

Revenue

$15,000 pw

Rent

$1,000 pw

Total Expenses

$13,3000 pw

Net Profit

$1,700 pw

Location Details

The restaurant sits on a prime corner spot with a nearby shopping centre, commercial strip, recreational parks and facilities as well as local nightspot attractions nearby.

Potential

This business only trades Monday to Sunday for dinner, approx. 5-5.5 hours per night. Massive opportunity to expand hours to include breakfast, lunch and coffee.

Hours

Sun: 5pm to 10pm

Mon: 5pm to 10pm

Tue: 5pm to 10pm

Wed: 5pm to 10pm

Thu: 5pm to 10pm

Fri: 5pm to 10:30pm

Sat: 5pm to 10:30pm

Lease

The current lease has 2 years remaining (option for 2 x 5 year extensions).

Employees

1 full time staff and 16 casuals.

About the Business

For sale is a highly regarded pizza restaurant with a successful online and delivery presence.

The business for sale has a strong brand and loyal local following. It is positioned in a high traffic area.

The business is currently automated and can be run with the current systems in place. Higher profit potential for owner-operator.

Key features:

- turnover of $15,000+ per week (with very limited trading hours)

- current 5 year lease ends in 2022 with 2 x 5 year options to extend ($1000pw)

- huge potential to increase menu options with breakfast, lunch and coffee

For sale $280,000 (inc stock)

Please email your enquiry to [Email Censored] or call [Phone Number Censored] and we will be in contact.

Expansion: The business has huge untapped potential with a possibility of expanding the menu and opening times to include breakfast and lunch and to also offer coffee. It has a successful online presence and online delivery system thanks to heavy investment in their website. The business currently does a lot of sales through menulog and uber eats and these orders can be incentivised to run directly through the company website. It also has the capacity to broker orders through its other franchise.
Employees: 1 full time, 14 casual
Trading Hours: Sun to Thur: 5pm to 10pm Fri to Sat: 5pm to 10:30pm
Support Training: Training and support will be provided
Reason For Selling: Owner pursuing other business endeavours
Lease Terms: Current 5 year lease ends in 2022 with 2 x 5 year options to extend

Company Details : Kingsmen Business Brokers
Phone: Click here for phone number

Enquire Now

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