SBX Business Brokers Phone : 02 9439 ****

Cafe - Espresso Bar - Under Management - Profit $2,627 pw - Cafe - Sales $8,770 pw - Espresso Bar - Under Management - Iconic Espresso Bar - Darlinghurst Nsw 2010

Listing Id : 266194

Location : New South Wales - Darlinghurst

Category : Cafe and Coffee Shop

Asking Price : 100,000

Business description

Cafe - Espresso Bar - Under Management - Sydney City Fringe - Agent SBX Code Number: G1711 Cafe - espresso bar that has been an institution in Sydney city fringe serving authentic Italian coffee for over 60 years. - First opened in 1957 and then relocated to current location in 1970. - Very popular for early coffee & all day breakfast on the footpath and also offering sandwiches and salads for lunch. - Selling 30-35kgs. coffee pw. Seating outside for 13 and 10 inside. - Licensed. Potential An active owner operator or couple could easily reduce staff levels and increase profits. - Could convert to a Tapas Bar in the evening. Features Iconic Espresso Bar. - Well established. - Regular customers. - Local favourite. - Long Lease with excellent terms. - Low rent. Premises This espresso bar has an area of approx. 30 sq. mts. Location Situated on a very busy main road in the City Fringe surrounded by both commercial & residential. Trading Hours 7 days - Mon. - Fri. - 5.00 a.m. - 2.30 p.m. - Sat. - Sun. - 5.00 a.m. - 3.30 p.m. Lease 2 year lease commenced Feb. 2019 + 5 + 5 year options - No bond. - CPI increases after 1st option. Employees 1 Manager + 3 casuals Comments The figures for this business are being shown as if being run by a hands on owner operator replacing the Manager whose wage was $1450 p.w. - Miscell. - 1 - Garbage collection - Miscell. - 2 - Footpath seating Figures Weekly Sales $8770 Rent (ex GST) $992 Wages $2200 Profit $2627 Agent SBX Code Number: G1711 - SBX Business Brokers


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