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Cafe - Restaurant - Under Management - Takeaway - Great...

Business for Sale
Cafe - Restaurant - Under Management - Takeaway - Great opportunity
NSW

Cafe - Restaurant - Under Management - Takeaway - Eastern Suburbs - Agent SBX Code Number: SF1424A Cafe - restaurant - takeaway - functions selling Modern Australian food including steak, ribs,...

Price $238,000.00

Cafe - Restaurant - Under Management - Takeaway - Great opportunity

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Cafe - Restaurant - Under Management - Takeaway - Eastern Suburbs - Agent SBX Code Number: SF1424A



Cafe - restaurant - takeaway - functions selling Modern Australian food including steak, ribs, seafood, burgers, fish and chips, smoothies, cold drinks, breakfast on weekends - Currently 12 kgs. coffee p.w. - Fully equipped kitchen with cool room - 60 seats in main room - 40 seats in second adjoining room - 16 seats outside - CCTV



Potential

Obtain liquor license as previously held on this site (STA) - Could add to the breakfast menu - Expand catering and functions -Promote coffee side of the business and increase coffee sales - Open more hours - An owner operator could increase sales and profit - Add more seats.



Features

Brilliant location - Excellent reputation - No outgoings on the lease - Excellent signage and street exposure - Huge frontage - Nothing to spend - Under management - Very reasonable rent



Premises

Excellent street exposure, top modern fit out, spacious and relaxing space with two dining areas, backyard area, two toilets, storage and an area of 560 m2



Location

Amazing beachside location surrounded by tourists, residential and a popular club in the Eastern Suburbs.



Trading Hours

6 days - Tues. - Fri. - 12 p.m. - 9 p.m. -Sat. & Sun. - 7 a.m. - 9 p.m.



Lease

Expires Feb 2018 + 3 year option, 4% increases, 3 Month Bond



Employees

1 Manager + 1 fulltimer + 4 parttimers + 5-6 casuals



Comments

Misc.- 1 - Other general expenses and GST- Misc.- 2 - Outdoor seating cost - Coffee machine is owned by the coffee company - Over $350K spent on equipment and $300K on the fit out and renovation - Vendor is looking for a quick sale as a family member is unwell - At this price selling on set up and equipment costs - Business has potential to do over $30K per week with a good hands on operator as this vendor has had weeks during last summer where he made over $35K per week - Huge opportunity to open during the week as a cafe and take advantage of this beachfront location. - Ideal to obtain liquor license (STA ) and expand the menu to include bacon and eggs etc. - Managers wage of $1200 p.w. has been removed and shown in net profit as for an owner operator. - A must to inspect but please be very discreet - wont last!!



Agent SBX Code Number: SF1424A - Sydney Business Exchange

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 163130
SBX ID: SF1424A




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