George's Cafe, Burwood, NSW - In Liquidation
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business ID: BS144482
George's Cafe, Burwood NSW - On the Instructions of the Liquidator Roger and Carson.
Fully fitted coffee lounge. Prime corner location with sub lease income.
This local iconic cafe with seating for about 100 people traded successfully for 12 years before it was closed down some six weeks ago. The rent has been paid till the end of June 2020 and there is an income from a separate yogurt bar that has been subleased. This is a opportunity to acquire a prime and sort after retail location that rarely comes on the market. The lease does not expire till 2027.The successful buyer will also get a fully fitted coffee lounge and kitchen with the right to receive the sublease income.
-Prime retail location
-Rarely on the open market
-Rent paid to end of June
-7 years remaining on lease
-Sub lease income
-Filly fitted Coffee Lounge and Kitchen
This will suit anyone who is looking for an outstanding retail location and for an immediate startup operation.
Asking Price: As a guide we feel that offers should start from $50,000 but the Liquidator will consider any reasonable offers all offer.