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Cafe - Restaurant - Bakery - Bar - Cafe - Nett $10k pw...

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Cafe - Restaurant - Bakery - Bar - Cafe - Nett $10k pw Restaurant - Bar - Bakery Northern NSW coast - Sales $50k pw
Coolangatta QLD

Cafe - Restaurant - Bakery - Bar - North Coast NSW - Agent SBX Code Number: TQM1089 Cafe - Restaurant - Fully licensed bar and retail bakery - major food and entertainment outlet in this busy to...

Price $1,098,000.00

Cafe - Restaurant - Bakery - Bar - Cafe - Nett $10k pw Restaurant - Bar - Bakery Northern NSW coast - Sales $50k pw

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Cafe - Restaurant - Bakery - Bar - North Coast NSW - Agent SBX Code Number: TQM1089

Cafe - Restaurant - Fully licensed bar and retail bakery - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked onsite delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.Vendor is prepared to give a smooth transition to a new incoming owner.Full bakehouse but recently all bread is being purchased wholesale which reduces wage and electricity costs .All takeaway food is pre prepared so easy to serve over the counter with quick turn around of customers.

Potential

Increase online marketing to attract a larger trade through the region,

Features

Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business - Low weekly rent - Long lease - Financial figures available.Rent is less than 5 % of weekly sales which by weekly standards is excellent .Large pool of young casuals to draw from at peak times.

Premises

Bar & restaurant corner site with bakery attached next door and a total area of 300 square meters.

Location

Excellent prime corner location in hub centre of busy coastal town in Northern Nsw .Directly opposite major supermarket .and number one location in the town.

Trading Hours

7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m and Dinner - 5 p.m. - 9 p.m.

Lease

Current lease ending ending 30th June 2024 with two further five year options. - c.p.i - 2.2% increases - no bond.

Employees

Owner + 7 full timers ( One baker and one pastry chef )+ 19 casuals.(Husband works 20 - 30 hours pw ) and wife works 9am to 2pm Monday - Friday..

Comments

Vendor is prepared to assist new owners with a smooth transition - This listing is a rare opportunity and is perfectly situated close to beaches, schools and major shopping centres - Outdoor seating costs $300 a quarter but currently not being charged by council due to covid 19.

Agent SBX Code Number: TQM1089 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 276262
SBX ID: TQM1089




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