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Cafe - Espresso Bar - Bakery - Eastern Suburbs - (Code: G1663)

Well established

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Price: $550,000






Weekly Takings (inc GST) $24,715
Cost of Goods $5,642
Gross Profit $19,073
Rent $2,132
Wages $6,287
Outgoings $
Telephone $30
Insurance $110
Electricity $407
Gas $
Misc 1 $3,572
Misc 2 $865
Total Expenses $13,403
Net Profit $5,670
Coffee Kilos P/W 50.0

Estimated Stock

$
(Additional)

Equipment

$230,000
(Included)
All other values
exclude GST
General Description
Cafe - espresso bar - bakery & patisserie selling 50 + kgs. coffee p.w. and offering unique all day full breakfast, full pastry selection baked every morning in front of the customers. -Lunch includes pizzas, unique gourmet sandwiches, salads, coffee, cakes & pastries. - Also offering a home delivery service. - 12 seats outside - 29 seats inside.

Potential
Would suit a fulltime owner operator to improve sales, reduce wages and increase profits. - A hands on owner operator could still grow this successful & growing business by opening nights. - Could do more marketing on social media.

Features
Well established. - Loyal staff & customers. - Long lease and low rent. - Same owner operating for 14 years. - Full financials. - Top business. - Excellent systems in place. - Very functional & busy cafe. - One of our best run cafes.

Premises
This business has an area of 84 sq. mts. plus 2 storerooms

Location
Prime cafe strip location in the heart of a suburb in the Eastern suburbs.

Trading Hours
7 days - 6:00 a.m. - 5:00 p.m.

Lease
4 + 4 year lease expires August, 2022 - C.P.I. increases. - 3 months bank guarantee for bond.

Employees
Owner not on roster but overseeing - 2 supervisors + 3 cooks + 2 baristas + 3 floor staff

Comments
The vendor with 30 years of experience has set up a fully systemized concept & will offer to train any buyer and share his extremely valuable knowledge of the industry. - Misc. - 1 - GST + other expenses - Misc. - 2 - Uber Eats commissions. - Replacement value of equipment and fitout $650,000.

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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXG1663

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