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Cafe - Restaurant - Bar - Under Management - City Fringe - (Code: SF1357)

Well established

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Price: $128,000






Weekly Takings (inc GST) $11,200
Cost of Goods $3,000
Gross Profit $8,200
Rent $1,911
Wages $2,400
Outgoings $370
Telephone $30
Insurance $70
Electricity $250
Gas $185
Misc 1 $550
Misc 2 $
Total Expenses $5,766
Net Profit $2,434
Coffee Kilos P/W 0.0

Estimated Stock

$8,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Cafe - restaurant currently selling 10-12 kgs. coffee per week. - Featuring an all day breakfast, pastries, sandwiches, burgers, salads, pasta, seafood, chips and cold drinks- Full kitchen - Fully licensed with an on premise license serving beer, wine and cocktails - Air Conditioned - 40 seats inside and 24 seats outside

Potential
Increase coffee sales and open early to sell more coffee - Streamline the menu - Do some local marketing and advertising - Expand catering and functions - Could open nights

Features
Under Management - Well positioned - Lots of large tourist groups visit this cafe - Uber eats and other delivery services - Outdoor alfresco area with umbrella cover - Busy markets on Saturday nearby - Good website

Premises
Corner position in a village group of shops with a leafy outdoor alfresco area, storage, parking and an area of 150 sq mtrs

Location
Absolute prime main road location on one of the City fringes busiest eat streets close to university with lots of foot traffic

Trading Hours
7 days - Mon. - 8 a.m. - 3pm - Tues. - Sat. - 8 a.m. - 8 p.m,.- Sun. - 8 a.m. - 3 p.m.

Lease
Current lease expires April, 2020 + 5 year option - C.P.I. increases - 3 month bond.

Employees
1 Manager + 1 parttimer + 4-5 casuals

Comments
Misc 1 - Other General expenses - A 457 Visa application has now been granted for this business.. - No fee for the outdoor seating. - A two group coffee machine is fully owned. - Current rent shown is from April 2017. - This business could also open at night with lots of potential. - Good figures are available after a meeting - First time on the market

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

SBXSF1357

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