Iconic Italian Ristorante & Woodfire Pizza

Description

Fully licensed until mid-night, this well regarded Italian restaurant serves authentic Italian food and wood fired pizza with extensive wine menu and barista coffee.

It has built its reputation on its high quality food offering for 18 years. Its signature dishes and authentic menu attract a high return patronage rate, providing consistent sales growth of 3-4% year on year.

Premises:

- Tastefully decorated with a relaxed ambiance, amazing setup with cocktail bar area, large undercover deck alfresco, and multiple indoor and outdoor areas to cater for private functions.

- Seating for 140 diners inside, 39 in undercover Alfresco, and 8 in sunny outdoor decking area.

Key features:

- Established for 18 years.

- Signature dishes and authentic menu attract a high return patronage rate, providing consistent sales growth of 3-4% year on year.

- Offering highly popular and delicious banquets for private functions and corporate events with additional hosting services can be arranged for any occasion.

- Manuals and documentation of recipes, operating procedures and service standards ensure consistency of training and delivery.

- Consistent GP over 75% delivering a net profit to owners around 25% of turnover.

- Full commercial kitchen, cocktail bar, professional wood fired pizza oven, well maintained high quality plant and equipment.

-Current owner is willing to assist with smooth transition, training will be provided if needed.

This is a very successful restaurant, well managed, perfect for an owner-operator or a semi-absentee owner. The current owner is retiring and would like to teach everything to the new owner.

Listing Details

  • Listing Number: 26971-85988
  • Location: Rockdale City Council, New South Wales
  • Price: 400,000.00 AUD
  • Down Payment: 60,000.00 AUD
  • Sellers Discretionary Earnings: 317,100.00 AUD
  • Category: Restaurants

  • Inventory: 0.00 AUD
  • FF&E: 0.00 AUD
  • Employees: 0
  • Years Owned: 18
  • Reason for Selling: Retirement