Business Summary

Low rent with long lease, recently renovated and currently Italian cuisine in the Millers Point / The Rocks area of Sydney.  Potential to add Pizza  Priced at $250,000 plus SAV  5 nights trade with huge potential to open more days and for lunch as well as promote coffee  Sales around $14,500 per week and growing.  PRICED TO SELL!!

A very beautiful and traditional licensed Italian cafe/restaurant situated in a prime position in Sydney CBD near the Rocks.  It is in a historic and harbourside village neighbourhood  and this business has an exceptional new fit out!  This is a rare location and opportunity with loads of potential and not to be missed.
* Listing ID NSW10624
* Weekly gross takings approx $14,500 p.w. 
* Total new set up & fit-out cost is approx. $200,000 no equipment is leased all owned out right and will come with the business 
* Amazing location in Sydney CBD, Millers Point and only moments from major hotels, park and city offices
* 5 nights trade, Wed Sun 5.30 pm. 9.30pm.   Could open more days and for lunch.
* Full Kitchen with potential to reintroduce pizza- Pizza oven is included in equipment  
*  Fully Licensed,  Liquor license trading till midnight.  
* 10-year Lease Oct 2019- Oct 2024 plus a 5-year option.   
* Current rent is $990 inc. GST plus Outgoings (3 Months BG and 3% yearly increases) 
* Excellent Google reviews 4.8 Star Google Rating, plenty of Christmas bookings coming in already  
* 90m2 seating around 45 plus potential to re-introduce outdoor seating (STA for 20 people)


Vendor is too busy and has other business interests, the business is run under management.

Listing ID NSW10624

Broker: Jan Forsyth
Phone: +61 411 510 610
Email: [email protected]

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Keywords: The Rocks area - Currently Italian - Add Pizza - Sydney - Licensed - Under Management - Profitable 
Ref: NSW10624
Timestamp: 20230113020033

Property Details