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Bar - Foyer Cafe - Restaurant - Sydney CBD - (Code: SF1383)

Great location

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Price: $355,000






Weekly Takings (inc GST) $23,100
Cost of Goods $6,500
Gross Profit $16,600
Rent $3,737
Wages $5,500
Outgoings $166
Telephone $50
Insurance $120
Electricity $400
Gas $180
Misc 1 $1,100
Misc 2 $55
Total Expenses $11,308
Net Profit $5,292
Coffee Kilos P/W 0.0

Estimated Stock

$40,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Cafe - Bar - Restaurant - Functions serving great quality breakfast, lunch and dinner - Monday to Friday only - Currently selling 12 - 15 kgs. coffee p.w. - Serving Modern Australian menu including burgers, pastas, salads, calamari, seafood, steaks and share plates - Full Kitchen with a walk-in cool room and walk-in freezer. - 88 seats

Potential
Could trade weekends - Expand on functions especially over the weekend - Increase coffee side of the business - Two owners or a couple could save on wages and increase sales and profit.

Features
Excellent location - Top quality fit out - Long secure lease - Very well established - 5 days only - PSA Liquor License - Great reviews

Premises
Foyer entrance and below a large office block with a large bar, both dining / bar areas and an area of 160 sq. mtrs.

Location
Amazing corner location in the centre of the busy CBD and surrounded by laneways and other popular venues -

Trading Hours
5 days - Mon. to Fri. - 7 a.m. to 11 p.m

Lease
Current lease expires April, 2023 - 4% annual increases - 4 month bond

Employees
1 Owner + 1 fulltime barista + 3 chefs + 1 kitchen hand + 3 casuals

Comments
Misc.- 1 - Other general expenses and gst - Misc. - 2 - Mineral water machine on lease - PSA Liquor License - which means people can drink on the premises without eating food. - Hotel next door brings in lots of business. - Original fit out cost was over $500,000. - Coffee machine and grinder are owned by the coffee company - An optional car space is available at $192 (ex gst) per week -This is a fantastic opportunity for a Chef / Front of house operator team. - Over $50k in private functions and Christmas parties already booked for the remainder of the 2017 year - Please contact your broker for more details -- Suitable for experienced operators

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

SBXSF1383

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