SBX Business Brokers Phone : 02 9439 ****

Cafe - Restaurant - Bar - Under Management - Great business

Listing Id : 245710

Location : New South Wales - Sydney

Category : Cafe and Coffee Shop

Asking Price : 2,400,000

Business description

Cafe - Restaurant - Bar - Under Management - Inner West - Agent SBX Code Number: M20**** **** Cafe - restaurant with waterfront location serving modern Australian cuisine. - Offers a multitude of breakfast, lunch and dinner options and has an interesting list of hot and cold refreshments. - Elegant appearance with big open space, full glass floor to ceiling windows facing to water. - Attractive coffee bar, food bar and wine bar. - Fully equipped large commercial kitchen. - Fully licenced. - 230 seats inside and outside - Great friendly service and divine food. - Extremely busy on weekends with takings between $30,000 to $36,000 for 2 days. - Uses 50 kgs of premium coffee beans per week. Potential This business has great growing potential. - Promote marketing. - More opportunities especially in function centre to develop the business such as weddings, special parties, corporate events etc. - Takings could increase $20,000 to $30,000 a week. Features Popular area. - Sparking water views location. - Bright modern space.. - Very long 20 years lease. - Run under full management. - Huge growth potential. Premises Unique designed and modern decor and extremely spacious with total area of **** **** m2 plus one function room approx 500 m2 which has capacity for 300 people drinking and dining. Location Waterfront dining hub in a young and dynamic community In Inner West of Sydney Trading Hours 7 days - Mon. - Wed. - 8 a.m.- 4 p.m.- Thur. - Sun.- 8 a.m.- 9 p.m. Lease 10 + 10 years lease commenced Jan .2017- 3.5% annual C.P.I.rental increases. - $195,000 rent bond. Employees Fully under management- 2 Managers+ 1 head chef + 2 rotating chefs+ 1 head barista + 8 rotating baristas and kitchen hand and floor servers total around 40 staff. Comments The rent includes all outgoings and next door function room. - The figures are based on financial records from 14th May,2017 to 31st Dec. 2018 and includes function centre income average of $5395 p.w. - Misc.- 1 -Refers to general business expenses. - 2 pages confidential agreement form is to be signed to disclose the business name and address and financials. - The business set up cost was over $1.5 million. - A rare find and a great investment opportunity.- Business can also be sold 50% of shares in partnership. Figures Weekly Sales $58585 Rent (ex GST) $7200 Wages $18000 Profit $12695 Agent SBX Code Number: M20**** **** - SBX Business Brokers


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