Maroubra, New South Wales 2035
Pizza & Tapas Restaurant and Bar Established and Very Popular - Long Lease
For Sale | $298,000 + SAV
$1 Million p.a. (Approximate)
Cost of Sales
$203,000 p.a. (Approximate)
$85,090 pa which includes outgoings
$3,500 to $4,200 approximate range per a week (manager's wages excluded)
$298,480 p.a. (approximate once manager's wages added back)
Amazing lease for a long-term operator or for resale potential with current lease term to May 2032 ( 2 x 5-year options included) CPI% Rental Increases. 3-month bank guarantee.
- Established for almost 10 years and recently renovated with one of the best leases a business owner can hope for
- Run mostly under management with owner providing limited supervision.
- Very popular brand name within the local and surrounding regions and through online food delivery apps
- Large customer base and solid turnover with plenty more upside for an enthusiastic owner operator/s
Reason For Sale
2 founding owners both of whom have full-time day jobs and are looking to free up more time to focus on both personal and career commitments.
Business is situated on the main road of a densely populated and booming suburb that is ideal for a place like this. There is virtually no direct competition in the area. Street and council parking (across the street) is also ample within the vicinity of the shop which makes life easy for their constant flow of eat-in diners.
- Business is about to acquire an alcohol service license which is expected to dramatically increase takings. Beers and wine are a perfect fit with their menu offering.
- Untapped in-house function and catering opportunities to leverage off their awesome online reviews and well-known presence in the area and surrounding suburbs
Current Trading Hours
Monday to Thursday 5 pm-10 pm
Friday 5 pm - 12 am
Saturday 12 pm- 12 am
Sunday 12 pm - 10 pm
2 owners p/t + 2 f/t staff and 5 casuals on rotating roster (available for review to purchasers).
These premises comes with 48 seats (Including 8 outside). Fully equipped kitchen with everything required to prepare and serve their awesome menu both for eat-in and deliveries.