Long established, profitable Cafe, Great takings.
Low rent. Sydney Upper North Shore

Industry: Food/Hospitality - Café/Coffee Shop, Food/Hospitality - Alcohol/Liquor, Food/Hospitality - Restaurant | Listed by: ABBA Group
Key Strengths
About this business

Business Headline : Long established, profitable Cafe, Great takings. Low rent. Sydney Upper North Shore


Price : $849,000


Category : Food/Hospitality, Cafe/Coffee Shop, Alcohol/Liquor, Restaurant


Situated in the Upper North Shore, this busy Cafe draws patrons from both local residents and the nearby hospital.  With seating for 75 indoors and 15 outdoors, the large foldaway windows give the Cafe a great European City feel.  Trading 7 days, and two evenings, opportunity exists to further expand into the evening trade, especially in the pizza/pasta take away area.


The full kitchen could allow for an expanded menu.  Currently the venue offers a breakfast and lunch menu.  Food choices range from classic Aussie to Mediterranean styled dishes.  An existing liquor licence further adds to the opportunity to expand evening trading.


Current owner has operated the business for 10 years, now looking for a well deserved retirement.  He believes that a new face and new menu ideas could step the business up even further. A more active social media presence should definately increase customer numbers.  


Cafe serves between 35-40kg of coffee per week.  There are big development plans in the area with a large specialist medical suite, and new play school being built next door to the suburban shopping centre. Expectations are that this will draw an additional 1000 people per day to the area.


In addition to the consitent takings and opportunities for growth, how can you go past the very low rental. All this points to opportunities to improve on this successful business.


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3846989#enquire-now

Annual Rent : $55,812 -
Weekly Rent : $1,073


Annual Turnover : $1,560,000 -
Weekly Turnover : $30,000


Annual Gross Profit : $1,040,000 -
Weekly Gross Profit : $20,000


Annual Ebit : $416,000 -
Weekly Ebit : $8,000


Lease Commencement : Jan 2017


Lease End : Dec 2021


Lease Option:
5 years


Total Floor Area : 190 Square Metres



Franchise : No


Approximate Stock Value : $10,000


Year Purchased : 2007


Year Established : 2007


Days Trading : 7


Staff :
4 Full Time - 5 Casual


Staff Salaries : $465,000


Additional Notes : Stock includes liquor


Reason for Sale : Owner retiring


Location : Wahroonga


Business Potential : Trade extended evenings, functions


Parking Comments : car - No allocated parking bay in lease, but there is space at the rear of the shop for a car to park.

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  • ListingImage
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Business Name / Ref #:
Contact Advertiser
Location:
Wahroonga
NSW
Asking Price:
$849,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
55812
Trading Hours:
Website:
Contact Details:
1300064.....
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Advertiser Details

Sales, Mergers & Acquisitions
Location: Level 1, 183 Harris Street
PYRMONT NSW 2009, New South Wales
2009, Australia

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All Comments

Long established, profitable Cafe, Great takings. Low rent. Sydney Upper North Shore ListingImage
About this business

Business Headline : Long established, profitable Cafe, Great takings. Low rent. Sydney Upper North Shore


Price : $849,000


Category : Food/Hospitality, Cafe/Coffee Shop, Alcohol/Liquor, Restaurant


Situated in the Upper North Shore, this busy Cafe draws patrons from both local residents and the nearby hospital.  With seating for 75 indoors and 15 outdoors, the large foldaway windows give the Cafe a great European City feel.  Trading 7 days, and two evenings, opportunity exists to further expand into the evening trade, especially in the pizza/pasta take away area.


The full kitchen could allow for an expanded menu.  Currently the venue offers a breakfast and lunch menu.  Food choices range from classic Aussie to Mediterranean styled dishes.  An existing liquor licence further adds to the opportunity to expand evening trading.


Current owner has operated the business for 10 years, now looking for a well deserved retirement.  He believes that a new face and new menu ideas could step the business up even further. A more active social media presence should definately increase customer numbers.  


Cafe serves between 35-40kg of coffee per week.  There are big development plans in the area with a large specialist medical suite, and new play school being built next door to the suburban shopping centre. Expectations are that this will draw an additional 1000 people per day to the area.


In addition to the consitent takings and opportunities for growth, how can you go past the very low rental. All this points to opportunities to improve on this successful business.


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3846989#enquire-now

Annual Rent : $55,812 -
Weekly Rent : $1,073


Annual Turnover : $1,560,000 -
Weekly Turnover : $30,000


Annual Gross Profit : $1,040,000 -
Weekly Gross Profit : $20,000


Annual Ebit : $416,000 -
Weekly Ebit : $8,000


Lease Commencement : Jan 2017


Lease End : Dec 2021


Lease Option:
5 years


Total Floor Area : 190 Square Metres



Franchise : No


Approximate Stock Value : $10,000


Year Purchased : 2007


Year Established : 2007


Days Trading : 7


Staff :
4 Full Time - 5 Casual


Staff Salaries : $465,000


Additional Notes : Stock includes liquor


Reason for Sale : Owner retiring


Location : Wahroonga


Business Potential : Trade extended evenings, functions


Parking Comments : car - No allocated parking bay in lease, but there is space at the rear of the shop for a car to park.

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:55812

Trading Hours:

Website:

$849,000

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