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Modern Parramatta Cafe, well positioned in busy street.

Business for Sale
Parramatta NSW

Business Headline : Modern Parramatta Cafe, well positioned in busy street. Price : $89,000 Category : Food/Hospitality, Cafe/Coffee Sho

Price $89,000

Modern Parramatta Cafe, well positioned in busy street.

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

Business Headline : Modern Parramatta Cafe, well positioned in busy street.

Price : $89,000

Category : Food/Hospitality, Cafe/Coffee Shop, Restaurant, Catering

Modern, well established cafe in busy Parramatta. Prime position between Eat Street and The Wharf.

Key Features

  • Beautifully appointed, recent fit-out.
  • Cafe has great seating for 80, including 10 outside on a busy commuter strip.
  • Serving Modern Australian Breakfast and Lunch. Includes liquor license.
  • Genuine growth / value-add opportunities.
  • Generous lease term to Feb 2024.
  • Strong social media base.
  • Currently short trading day to 2pm, with option to extend.
  • Approx. 20kg coffee/hot choc per week.

Potential

  • Increase daily trading hours with night-time trade.
  • Generate liquor sales through recently acquired licence, not yet utilised.
  • The kitchen could easily support a conversion from Cafe to Cafe/Restaurant with the inclusion of a dinner menu.
  • Potential to build on current list of existing catering clients using The Kitchen’s existing reputation and the abundance of nearby corporates.
  • Benefit from future additional trade from the relocation and construction of the Power House Museum and other nearby developments.
  • Benefit from high surge trade from Wanderers and Eels events at brand new 30,000-seat stadium at Parramatta from 2019

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4088938#enquire-now

Annual Rent : $126,000 - Weekly Rent : $2,423

Annual Turnover : $572,000 - Weekly Turnover : $11,000

Annual Gross Profit : $400,000 - Weekly Gross Profit : $7,692

Annual Ebit : $90,000 - Weekly Ebit : $1,731

Premise : Leased

Lease Commencement : Feb 2017

Lease End : Feb 2024

Total Floor Area : 142 Square Metres

Franchise : No

Approximate Stock Value : $5,000

Year Purchased : 2017

Year Established : 2017

Days Trading : 7

Staff : 1 Full Time - 1 Part Time - 5 Casual

Staff Salaries : $129,000

Reason for Sale : New Opportunity

Business Potential : Increase catering, utilise liquor licence, trade longer hours with dinner menu

Contact Seller

Contact: Eddie Spurr
Phone: 0417251015

Bsale ID: 188914
Agent ID: 4088938




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