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Charming Italian Restaurant - $18,000 revenue PW, open 5 nights, 3 days...Jo

$225,000 + SAV

Ascot, Queensland

Charming Italian Restaurant - $18,000 revenue PW, open 5 nights, 3 days...Jo

This restaurant has been created from the heart and shines brightly with its impressive Italian fare and welcoming atmosphere. The owner is now looking for a person or a family to take the reins and continue the tradition.

The business would be ideal for a couple who believe in old school hospitality and have a passion for serving great food.

The restaurant currently trades for dinners Wednesday to Sunday and lunches on Friday to Sunday. The current owner remains closed on Mondays and Tuesday however there is huge potential for a new owners to open 7 nights.

It is filled with plenty of new customers and returning locals and consistently shows a high score on all the review sites.

Some keys points are:
• Current revenue between $17,000 to $19,000 per week
• Seats 80
• Fully Licensed
• Long lease with 2.5 years remaining plus a 5 year option
• Currently in negotiations with landlord to reduce the rent
• Simply stunning fitout with nothing to spend
• Beautifully designed open kitchen that showcases the woodfire pizza oven
• High profit menu items
• Current owner happy to train new owners
• Long term trained staff
• Consistently high reviews
• High exposure location
• Open 5 nights and 3 days per week, also closed for 3 weeks holidays per year

There is still plenty of potential to grow the business which can be expanded by extending the opening hours, offering catering or using the strong brand to open additional locations or even franchise the concept.

Keen to know more about this restaurant? Please get in contact with Joanne Akbal on 0405 629 739 or send through an enquiry form and we will contact you.

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Last updated: 11th January 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Ascot
State
 Queensland
Price
$225,000 + SAV
Category
  • Restaurant

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Contact

Joanne Akbal