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POPULAR BEACHSIDE RESTAURANT

POPULAR BEACHSIDE RESTAURANT

Great trading hours – Strong profit – Beachside Lifestyle – This one ticks all the boxes!

The venue has been a hit for over 10 years with both locals and tourists looking for a quality casual dining experience in the heart of Sorrento. The kitchen serves delicious Italian cuisine which centres on the preparation of authentic Northern Italian dishes. Boasting a full a la carte menu with a large range of house made fresh pasta and ravioli, risotto, entrees and mouth-watering desserts – all made from the freshest ingredients.

Ideal location with cinemas next door stimulating huge foot traffic and prime exposure. The atmosphere of the restaurant is warm and friendly with casually dressed tables, mood lighting, a great back courtyard for larger groups and a fantastic basement cellar. Adequate parking can also be found in front of the restaurant as well as down nearby streets.

Call Michael on 0423 287 048 to INSPECT and settle in time for Spring!

BUSINESS HIGHLIGHTS:
Average weekly sales $18,890
Lifestyle trading hours – only open 9 months of the year (closed June, July & August)
Net profit $5,900 per week (before owner wages)
Seats 70 inside & 70 in rear courtyard
Great central location in Sorrento village near cinemas
Open 6 nights a week – 7 over the Summer Period (no lunches)
The ideal lifestyle/owner operator venue
Fully equipped commercial kitchen & great basement cellar

BUSINESS STRENGTHS:
Easy to operate restaurant, currently run as Italian cuisine however it has the potential to increase profits by opening for lunches, extending trading period or even adding a pizza oven.
Great reputation with the same owner for over 10 years
Café & Restaurant Liquor License till 11pm – 7 days
Opportunity to continue with same trading hours, however, high demand from locals to increase opening times throughout the year and in turn increase sales
Financials available for qualified buyers

LEASE AND RENT:
Commencement date: July 2017
Term: Five (5) years
Further terms: Available to qualified buyers with hospitality experience
Rent reviews: CPI annually
Size: 250m2

PRICE $365,000 + Stock

Call Michael to inspect 0423 287 048

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