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Cafe - Restaurant - Function Centre - Long established

Business for Sale
Cafe - Restaurant - Function Centre - Long established
Ballarat VIC

Cafe - Restaurant - Function Centre - Victoria West - Agent SBX Code Number: GNGD1069 Cafe - restaurant serving modern Australian cuisine including sandwiches, salads, foccacia, toasties,...

Price $180,000.00

Cafe - Restaurant - Function Centre - Long established

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Cafe - Restaurant - Function Centre - Victoria West - Agent SBX Code Number: GNGD1069

Cafe - restaurant serving modern Australian cuisine including sandwiches, salads, foccacia, toasties, burgers, seafood, steaks, pasta, pizzas, etc - premises include wired ethernet networking + wifi with NBN service - Cafe serves 6 kgs. coffee per week - Seating for 200 on two levels - Licenced - Full AV system including projector for weddings, corporate functions, parties etc. - heritage veranda will be reinstated at a future date by landlord.

Potential

Target the new government business hub (1,000+ employees) just one block away - improve web & social media presence - add a food van in courtyard to service very busy night-club traffic (no additional council permission required) - promote catering & function rooms.

Features

Very long lease - Prime location - Recent renovation - Very high traffic area - Large equipment list fully owned - Extensive function bookings till Dec 2019 are already in place in booking calendar

Premises

Two levels of a large building - each level 215.6 sq.mts. - 3rd level also available if desired.

Location

Incredibly located Regional City CBD cafe surrounded by many high-traffic attractions including cinema, art gallery, night club.

Trading Hours

5 days - Tues. - Thurs. - Fri. - Sat. - 11 a.m. to 8 p.m. - Wed. - late night music sessions - Sun. & Mon. closed

Lease

3 + 3 + 3 year lease commenced July 2017. - Annual C.P.I. increases. - Market review on each renewal of lease. - No security deposit

Employees

1 owner operator+ 4 casuals (from a pool of 9 casuals)

Comments

Misc.-1 - Bank fees, accounting fees, cleaning & waste removal, interest, maintenance, security. - Misc. - 2 - Advertising, subscriptions, licenses. - Extensive asset / equipment list available - A large nightclub and piano bar will open soon in the neighbourhood, adding even more activity and late night traffic to this precinct.

Agent SBX Code Number: GNGD1069 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 223378
SBX ID: GNGD1069




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