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Bar - Cafe - Restaurant - Under Management - Great locat...

Business for Sale
Bar - Cafe - Restaurant - Under Management - Great location
NSW

Bar - Cafe - Restaurant - Under Management - Sydney CBD - Agent SBX Code Number: SF1383 Cafe - Bar - Restaurant - Functions serving great quality breakfast, lunch and dinner - Monday to Frida...

Price $538,000.00

Bar - Cafe - Restaurant - Under Management - Great location

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Bar - Cafe - Restaurant - Under Management - Sydney CBD - Agent SBX Code Number: SF1383



Cafe - Bar - Restaurant - Functions serving great quality breakfast, lunch and dinner - Monday to Friday only - Currently selling 12 - 15 kgs. coffee p.w. - Serving Modern Australian menu including burgers, pastas, salads, calamari, seafood, steaks and share plates - Full Kitchen with a walk-in cool room and walk-in freezer. - 88 seats



Potential

Could trade weekends - Expand on functions especially over the weekend - Increase coffee side of the business - An owner operator or couple could save on wages and increase sales and profit.



Features

Excellent location - Top quality fit out - Long secure lease - Very well established - 5 days only - PSA Liquor License - Currently run under management - Great reviews



Premises

Situated below a large office block with a large bar, both dining / bar areas and an area of 160 sq. mtrs.



Location

Amazing corner location in the centre of the busy CBD and surrounded by laneways and other popular venues -



Trading Hours

5 days - Mon. to Fri. - 7 a.m. to 11 p.m



Lease

Current lease expires April, 2023 - 4% annual increases - 4 month bond



Employees

1 Manager + 1 fulltime barista + 3 chefs + 1 kitchen hand + 3 casuals



Comments

Misc.- 1 - Other general expenses and gst - Misc. - 2 - Mineral water machine on lease - PSA Liquor License - which means people can drink on the premises without eating food. - Hotel next door brings in lots of business. - Original fit out cost was over $500,000. - Coffee machine and grinder are owned by the coffee company - An optional car space is available at $192 (ex gst) per week -This is a fantastic opportunity for a Chef / Front of house operator team. - Over $50k in private functions and Christmas parties already booked for the remainder of the 2017 year -A two page confidentiality needs to be signed by any interested buyers prior to receiving address or meeting with the vendor - Please contact your broker for more details -- Suitable for experienced operators



Agent SBX Code Number: SF1383 - Sydney Business Exchange

Contact Seller

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View Broker Profile

SBX Business Brokers
P: 02 9439 4403

Bsale ID: 137955
SBX ID: SF1383




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