Open to Offers - Outstanding Cafe/Restaurant in
Lower North

Industry: Food/Hospitality - Restaurant | Listed by: ABBA Group
Key Strengths
About this business

Business Headline : Open to Offers - Outstanding Cafe/Restaurant in Lower North


Price : $89,000


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


Owner wants to SELL - any offers will be considered!!!


OUTSTANDING, TOP OF THE CLASS RESTAURANT/BAR/CAFE located in Lower North Shore.


Opportunity to Turn into any types or Restaurant or Cafe at low cost.


Not to be MISSED. Be the first to INSPECT.


 


LOCATION, LOCATION, LOCATION!



  • One of the busiest suburbs in Lower North Shore, Commercial District.

  • High foot traffic

  • Corner location with great street frontage

  • Plenty of parking spaces


FEATURES:



  • 2 levels of dining area, currently each running under 2 different menu

  • Large, spacious FULL kitchen, both downstairs and upstairs

  • 4 toilets - 2 on each level

  • Separate bar area

  • Woodfire pizza oven

  • Alfresco dining & private dining spaces

  • Large space for cutomer car parking - enough for 10 cars

  • Separate dining areas/rooms for functions & coporate events


OPPORTUNITES:



  • This is a well known restaurant in LNS and currently running as an Italian restaurant

  • Only operating for lunch & dinner - possibility for breakfast trade

  • Opportunity to turn into a SPECIALTY BAR as it could well work in the area

  • Promotion for corporate functions and catering


This restaurant has a FULL potential to double what it is doing currently.


Suitable for experienced operator to turn this place back to where it used to be few years ago.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801183#enquire-now

Annual Rent : $261,100 -
Weekly Rent : $5,021


Annual Turnover : $1,318,820 -
Weekly Turnover : $25,362


Annual Gross Profit : $889,950 -
Weekly Gross Profit : $17,114


Annual Ebit : $159,000 -
Weekly Ebit : $3,058


Premise : Leased


Lease Commencement : Jun 2017


Lease End : Jun 2021


Lease Option:
4 years


Total No of Parking : 10



Franchise : No


Approximate Stock Value : $


Year Purchased : 2013


Days Trading : 7


Staff Salaries : $356,200


Reason for Sale : Family Reason


Location : Lower North Shore - Corner location, Foot traffic


Business Potential : Corporate Promotion, Catering, Online Ordering

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Business Name / Ref #:
Contact Advertiser
Location:
NORTH SYDNEY
NSW
Asking Price:
$89,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
261100
Trading Hours:
Website:
Contact Details:
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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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Here is a fabulous opportunity to join one of the fastest growing cafe...

$2m turnover EBIT $390k under management...

Phone enquiries - please quote property ID 12521 $2m turnover, $390k ...

All Comments

Open to Offers - Outstanding Cafe/Restaurant in Lower North ListingImage
About this business

Business Headline : Open to Offers - Outstanding Cafe/Restaurant in Lower North


Price : $89,000


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


Owner wants to SELL - any offers will be considered!!!


OUTSTANDING, TOP OF THE CLASS RESTAURANT/BAR/CAFE located in Lower North Shore.


Opportunity to Turn into any types or Restaurant or Cafe at low cost.


Not to be MISSED. Be the first to INSPECT.


 


LOCATION, LOCATION, LOCATION!



  • One of the busiest suburbs in Lower North Shore, Commercial District.

  • High foot traffic

  • Corner location with great street frontage

  • Plenty of parking spaces


FEATURES:



  • 2 levels of dining area, currently each running under 2 different menu

  • Large, spacious FULL kitchen, both downstairs and upstairs

  • 4 toilets - 2 on each level

  • Separate bar area

  • Woodfire pizza oven

  • Alfresco dining & private dining spaces

  • Large space for cutomer car parking - enough for 10 cars

  • Separate dining areas/rooms for functions & coporate events


OPPORTUNITES:



  • This is a well known restaurant in LNS and currently running as an Italian restaurant

  • Only operating for lunch & dinner - possibility for breakfast trade

  • Opportunity to turn into a SPECIALTY BAR as it could well work in the area

  • Promotion for corporate functions and catering


This restaurant has a FULL potential to double what it is doing currently.


Suitable for experienced operator to turn this place back to where it used to be few years ago.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801183#enquire-now

Annual Rent : $261,100 -
Weekly Rent : $5,021


Annual Turnover : $1,318,820 -
Weekly Turnover : $25,362


Annual Gross Profit : $889,950 -
Weekly Gross Profit : $17,114


Annual Ebit : $159,000 -
Weekly Ebit : $3,058


Premise : Leased


Lease Commencement : Jun 2017


Lease End : Jun 2021


Lease Option:
4 years


Total No of Parking : 10



Franchise : No


Approximate Stock Value : $


Year Purchased : 2013


Days Trading : 7


Staff Salaries : $356,200


Reason for Sale : Family Reason


Location : Lower North Shore - Corner location, Foot traffic


Business Potential : Corporate Promotion, Catering, Online Ordering

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:261100

Trading Hours:

Website:

$89,000

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