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Thriving Cafe / Espresso Bar in Prime CBD Location

Business for Sale
Sydney NSW

Thriving cafe / espresso bar in prime CBD location with plenty of passing trade as well as regulars from local businesses. Specialising in fast, consistent and great tasting coffee, as well as fast fo

Price $578,000

Thriving Cafe / Espresso Bar in Prime CBD Location

Stock Included:
Stock Value:
Years Est:
Gross Revenue:

Thriving cafe / espresso bar in prime CBD location with plenty of passing trade as well as regulars from local businesses. Specialising in fast, consistent and great tasting coffee, as well as fast food take away items such as wraps, sandwiches, breakfast rolls etc. Currently serving average 55 kilos of coffee per week with sales rising weekly.

This is a Monday to Friday business with a strong and loyal team serving happy customers with a smile.

Rent includes all outgoings and is currently 8% of turnover.
There is a great relationship with the building landlord who is easy going and very supportive of the cafe.

Owner operator could work just 25 hours per week, or fully under management as existing staff are able to cash off and report on daily figures.

Business Potential
 - Add alfresco dining (already approved at small rent premium) of up to 30+ seats, which could increase turnover $50-100k pa
 - Weekend opening for tourist trade
 - Extending opening hours especially for early morning construction trade
 - Offering catering services to local business

To receive further information please complete the below registration:http://www.abbagroup.com.au/?p=3114322#enquire-now

Annual Rent : $60,000 - Weekly Rent : $1,154

Annual Turnover : $825,000 - Weekly Turnover : $15,865

Annual Gross Profit : $572,000 - Weekly Gross Profit : $11,000

Annual Ebit : $300,000 - Weekly Ebit : $5,769

Premise : Leased

Lease Commencement : Jul 2014

Lease End : Jul 2024

Lease Option: 5 years

Franchise : Franchise Resale

Approximate Stock Value : $5,000

Year Purchased : 2014

Year Established : 2014

Days Trading : 5

Reason for Sale : Owner pursuing other opportunities

Location : Prime CBD Location

Business Potential : See description

Contact Seller

Contact: John Emmery
Mobile: 0423529041

Bsale ID: 102882
Agent ID: 3114322




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