LINK Business Brokers Australia

About this Business for sale in Newcastle & Region

PRICE REDUCED TO SELL!

Fast becoming a local icon, this Newcastle based Gourmet Pizzeria is an absolute “Cash Cow”  with great margins, low rent, a long lease and double digit growth in sales for the past 3 years.

Key business features are almost endless but include the following:

  • Amazing Rent – less than 4% of revenue
  • Long Lease: 5yr+5yr+5yr up to 2032
  • Average weekly sales for  pizzas & pastas of 1,200 and 300 units respectively
  • All foods are made according to tradition using the finest ingredients available
  • Gourmet “Signature” Pizzas – Italian Classics – Pastas –Appealing Sides – Italian Desserts
  • Fully licensed to serve alcoholic beverages, however not integrated into current menu yet. Opportunity to grow sales up to 5%
  • Prominent main thoroughfare, corner location in the very affluent beachside suburb of Merewether
  • Lifestyle business currently run under management
  • Ideal brand with outstanding intellectual property for trademarking and licensing with a view to duplication
  • Smart contemporary fit out – fully renovated and all new equipment including $100,000 worth of Pizza ovens imported directly from Italy
  • Recent addition of a state of the art pizza oven with the potential to increase production by 20 %
  • Modern efficient systems in place.  Online ordering, professional and interactive website, mobile App, Uber-Eats – all tailor made for Co-Vid times
  • Number 1 on Uber Eats with over 2000 positive reviews generated in less than 12 month
  • Vendor finance available

An opportunity exists to expand this already successful business by opening on weekends for lunch …. 20% of customers have been asking this since day one. This and the fact that the business has to refuse surplus orders every Friday and Saturday during peak hours, means that the business has plenty of upside.

This business has to be seen to be believed! Don't miss out on this amazing opportunity! 

Listing ID: NSW08960
Stuart McLachlan
Business Broker
Phone: + 61 2 9899 1999
Mobile: +61 404 687 706
Email: stuart.mclachlan@linkbusiness.com.au

To complete an online confidentiality agreement visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW08960

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW08960
Profit*: Refer to broker
Sales Revenue: Refer to broker
Central & North Coasts, Newcastle & Region
Food/Hospitality, Restaurant
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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