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Cafe - Espresso Bar - Under Management - Cafe - Sales $20,000 pw - Lobby Espresso Bar - Barangaroo - Sydney CBD - 5 days

Listing Id : 267086

Location : New South Wales - Barangaroo

Category : Cafe and Coffee Shop

Asking Price : 588,000

Business description

Cafe - Espresso Bar - Under Management - Sydney CBD - Agent SBX Code Number: G1714 Lobby Cafe - Espresso Bar servicing a building in the Barangaroo precinct selling approx. 40 kgs. coffee pw. - A growing business offering a full breakfast, freshly squeezed juices, smoothies, sandwiches, wraps, salads, burgers & seasonal specials. - Seating inside for approx. 70 as well as a large lobby area with communal table and additional seating. Potential Huge potential to grow as this new precinct is completed with the opening of the new casino. - Huge catering potential. - An active hands on owner operator could easily reduce wages and increase profits. Features Excellent location. - Growing business. - Captive catering market. - Amazing future potential growth. - Brand new fit out. - Long lease & low rent. - 5 day business. Premises This business has an area of approx .120 sq.mts. including a full commercial kitchen & walk in cool room & freezer. Location Well located in the lobby of a building in Barangaroo with approx. 1500 tenants surrounded by commercial offices, shops & the future new casino. Trading Hours 5 days. - Mon. - Fri. - 700 a.m. - 400 p.m. Lease 7 year lease commenced Feb. 2018. - 3.5% Annual increases. - 3 months bond. Employees 1 Manager + 1 full time chef + 5 casuals Comments Rent includes all outgoings (including trade waste). - The figures being shown are as if being run by an owner operator and the wages for the Manager ($1495) have been deducted from wages and added to the nett profit. - The lease includes a relocation clause to have the first right of refusal to accept a new and better position at the front of the building on completion of the Barangaroo building works. The landlord would normally offer a substantial contribution to the relocation. - Misc.- 1 - Other expenses & Misc. - 2 - GST paid. Figures Weekly Sales $20000 Rent (ex GST) $1592 Wages $5205 Profit $5853 Agent SBX Code Number: G1714 - SBX Business Brokers

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