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Family Friendly Italian Style Restaurant
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Business For Sale


BUSINESS FOR SALE OVERVIEW


This restaurant in a garden setting in the Northern Suburbs, open seven days a week. Outdoor facilities with children's play area, child-minder and Jungle Jim, make this an ideal venue for children's parties as well as functions and special occasions for lunches or dinner. Highly rated by customer reviews and the local community.


BUSINESS SELLING DETAILS

  Selling Price     2,420,000   Turn Over Per Month     456,008 
  Stock Included   Profit Per Month 87,730
  Assets Included  900,000   R.O.I %  43%
  Total Price   2,420,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Family Restaurant
When was the business established? 7 years
How long has the owner had the business? 7 years
 How Does The Business Operate
How does the business operate on a daily basis Unless for special functions, restaurant open and prepares food fresh to order.
How are the clients attracted to the business? Reputation, positive web comments, excellent value for money, service and environment.
What Advertising/Marketing is carried out? Social Media, print and word of mouth.
Does the business have any contract work? No
What competition exists? Very little in this market, in this area
Seasonal Trends? As a predominantly outdoor venue, winter is busier at lunchtime, whilst in the warmer months the evening dinner trade is busiest.
 Financial Information
Vat Registered?  No
Management Accounts?  Yes
Audited Financials? To date
What as Cash/Credit Split? 5% cash 95% credit card
How can you improve the profitability? New ideas from fresh management/ownership
 Is Seller Finance available and if so what is it?  No
   Staffing Of the Business
What is the total number of Staff? 23 Staff. 13 full-time and 10 casuals
Staff Breakdown Full time employees in management, kitchen and bar. Casuals as waitrons.
Staff Special Perks and Bonuses? Waiters receive commission Staff meals
Are the staff on Contract? Yes
Does any of the staff have management potential? Yes - two mangers employed
How involved is the Owner in running the business? Owner is involved in training and overall management
  Premises Of the Business
When Does the Current Lease ends? End 2018
Is there an option to renew? Yes for 1 - 5 years negotiable
What is the annual escalation % 7.5%
What are the Trading Hours? Mon 10 am to 5 pm Tue - Fri 10 am to 10 pm Sat 9 am to 10 pm Sun 8 am - 5 pm
Do You require a license? New owner would need to transfer liquor licence and obtain trading licence
 Assets Of The Business
Full Asset List available? All kitchen and restaurant equipment, furniture, fridges, etc. Built-in wood fired pizza oven on premises.
 Anything not included in the sale? No
 What is condition of the assets Well kept.
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Venue and location Reputation Foo, service and atmosphere
 WEAKNESSES Majority of seating is outdoors, making for limited indoor seating during winter evenings
 OPPORTUNITIES Menus can always be added to with new ideas or new owner's speciality dishes. Currently used for weddings, kids parties, functions and this could be increased to improve turnover and profits.
 THREATS None
 Summary
Why is this a good business Great venue with ambiance. Established for seven years with good reputation Good food at reasonable prices
Why is the owner selling it? New opportunities


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have viewed this page since 22 August 2018