AssetXcel

Businesses for Sale

Cafe/Restaurant | Northern Beaches | $395,000

Pizza & Italian Restaurant New

Iconic Northern Beaches Italian restaurant well known since the 70’s which enjoys a great local patronage is for the first time ready to change hands.
Lunch 6 days and dinner 7 days plus takeaway this business is Licenced to 3 am with full kitchen and bar facilities. Current restaurant seats approximately 70 however there is an opportunity to utilise a further space on the 1st floor.
Pizzas are a favourite however there is an a la carte menu to suit all diners.
Rent is $125,000 plus outgoings is approximately $3K pw plus GST which covers around 200 sqm plus parking area and storage. New lease 5 x 5 will be provided and plenty of parking is available on site for new owners and staff.
Trading hours are as follows:
• Monday 12 to 10.30
• Tues to Wednesday 12 to 11pm
• Thursday to Saturday 12 to 1am
• Sunday 4pm to 12 midnight, however, trading times can be altered to suit new owner.
Features
• Established 1973
• New 5 x 5 lease to be offered
• Trading 7 days a week
• Approx. 200 sqm plus parking and storage
• Seats 70 indoor no outdoor seating
• Plenty of potential to expand
• Good return to purchaser
• Price $450,000 plus stock at value
All information has been provided by the vendor and Assetxcel Pty Ltd is not responsible for the accuracy and a potential purchaser needs to complete their own due diligence.
Please note that the staff are not to be approached at any stage an appointment with the owner can be arranged by an Assetxcel member.
Please complete a confidentiality agreement to receive further details regarding this Iconic Restaurant.

Name Mimmos Italian Restaurant
Type Cafe/Restaurant
Location Northern Beaches
 
Price $395,000
Sales $0
Net Profit $0

Contact Judi Sangster
0412576665
judi@assetxcel.com.au



Further Information

To receive further information on this business we require a Confidentiality Agreement to be endorsed. On receipt of the agreement we will forward an Information Memorandum which gives financials and more details in order to make an informative decision.