Long standing Italian eatery

$225,000 + SAV ($20,000 approx.)

Web ID: F7621

Business Description

 

This popular Italian restaurant has been serving quality Italian meals to the eastern suburbs for a number of years and has made a name for itself. In recent years the restaurant has been refurbished and the new look is tastefully contemporary and clean cut with added pops of colour from the pieces of artwork spread throughout. The restaurant has large windows, allowing natural light to flood in, warm evening lighting and character fireplaces which add to the overall atmosphere.

Adamant on fulfilling the Italian experience, they provide a fine range of wines to accompany every dish. Sourcing their wines predominantly from South Australia, Australia and Italy, the range for customers to choose from is endless. The menu is tailor made and stars some of the best Italian dishes you can find.

Trading 5 days per week with Sundays only open by arrangement, the restaurant is open for lunch and dinner sessions and has consistent annual sales in excess of $900,000. The restaurant is fitted out with a fully equipped kitchen and has ample storage on site. Over the past years the restaurant has created a strong reputation for its authentic meals and quality service. With retirement now set in sight, both vendors have decided that it is now the right time to sell their much loved family restaurant.

At a glance:

  • Italian cuisine
  • 5-6 days per week
  • Recently refurbished 
  • Operating for 30 years
  • Sales in excess of $900,000 annually 
  • Fully equipped kitchen

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $225,000
Stock at valuation (approx) $20,000
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$245,000


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