Thriving Cafe / Espresso Bar in Prime CBD Location
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business Headline : Thriving Cafe / Espresso Bar in Prime CBD Location
Price : $578,000
Category : Food/Hospitality, Franchise, Cafe/Coffee Shop
Thriving cafe / espresso bar in prime CBD location with plenty of passing trade as well as regulars from local businesses. Specialising in fast, consistent and great tasting coffee, as well as fast food take away items such as wraps, sandwiches, breakfast rolls etc. Currently serving average 55 kilos of coffee per week with sales rising weekly.
This is a Monday to Friday business with a strong and loyal team serving happy customers with a smile.
Rent includes all outgoings and is currently 8% of turnover.
There is a great relationship with the building landlord who is easy going and very supportive of the cafe.
Owner operator could work just 25 hours per week, or fully under management as existing staff are able to cash off and report on daily figures.
- Add alfresco dining (already approved at small rent premium) of up to 30+ seats, which could increase turnover $50-100k pa
- Weekend opening for tourist trade
- Extending opening hours especially for early morning construction trade
- Offering catering services to local business
To receive further information please complete the below registration:http://www.abbagroup.com.au/?p=3114322#enquire-now
Annual Rent : $60,000 - Weekly Rent : $1,154
Annual Turnover : $825,000 - Weekly Turnover : $15,865
Annual Gross Profit : $572,000 - Weekly Gross Profit : $11,000
Annual Ebit : $300,000 - Weekly Ebit : $5,769
Premise : Leased
Lease Commencement : Jul 2014
Lease End : Jul 2024
Lease Option: 5 years
Franchise : Franchise Resale
Approximate Stock Value : $5,000
Year Purchased : 2014
Year Established : 2014
Days Trading : 5
Reason for Sale : Owner pursuing other opportunities
Location : Prime CBD Location
Business Potential : See description