Cafe - Takeaway - Foyer Cafe - Espresso- Under Management - Foyer - Cafe - North Sydney - 5 Days- Under Management. - SF1540

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Cafe - Takeaway - Foyer Cafe - Espresso- Under Management - Lower North Shore - Agent SBX Code Number: SF1540

Cafe - Foyer Cafe - Takeaway - Restaurant selling 20- 23 kgs. coffee p.w. including breakfast, burgers, sandwiches, salads, wraps, pastries and cold drinks - A good size kitchen with an exhaust, no grease trap - 10 seats inside - 40 covered outside seats. - Full renovation over $90K in Jan 2020 - Pre Covid sales around $11K p.w.

Potential
Could open weekends - Improve social media presence - Increase coffee sales - Obtain a liquor license (previously this business had a liquor licence) STA - Buildings will be renovated nearby next year

Features
Foyer cafe with two entrances - Lots of potential to increase sales - Easy to run - Nothing to spend - Good loyal clientele - Great position - 5 days - Modern fit out - Under Management

Premises
Good modern and well designed cafe with two entrances, an open galley style kitchen and plenty of seating with an area of 60 sq. mts.

Location
Situated in a top position near the entrance to an office block and surrounded by retail and offices in the Lower North Shore.

Trading Hours
5 days - Mon. - Fri. - 6.30 a.m. till approx 2 p.m.

Lease
Lease expires Dec 2024 - 4% increases - 3 month bond

Employees
1 Manager + 1- 2 part timers + 1 casual

Comments
Misc. - 1 - Other general expenses + GST - 3 group coffee machine is owned by the coffee company - A well positioned foyer cafe -The Managers wage of $1,000 p.w. has been removed from wages and shown in net profit - Full renovation over $90K in Jan 2020 and the foyer of the building also renovated - A must to inspect but please be discrete.

Figures
Weekly Sales $7500
Rent (ex GST) $1456
Wages $1500
Profit $2074


Agent SBX Code Number: SF1540 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$248,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2060

Locality

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Established on
1988

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
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New South Wales
Australia
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