Visit this listing at https://www.sbx.com.au/business?id=F3304

Business Code: F3304

Key Features: Cafe - Espresso Bar - Sales - $22,000 pw - 5 days - Sydney Cbd - Nett $8000 pw

State: NSW

Suburb: Sydney, 2000

Location: Prime street front location amongst some of the most prestigious high rise buildings in Sydney's CBD.

Description

Cafe - Espresso Bar selling 70 kgs. of premium coffee p.w., fabulous breakfast including bagels, fruit salad, a range of toasts and muesli etc. - . A simple lunch menu includes chicken parmigiana, filo pastry, battered fish and chips, delicious burger options, salads, steak sandwiches, gourmet sandwiches. - Both hot and cold drinks as well as a great list of beers, wines and spirits from the bar located downstairs. - 55 seats inside.Brand new $500k fit out ( depreciation allowance approx $40 k per annum ) .For further information please contact your broker , please donot approach the owner or staff of the business.

Summary

  • Features: High volume coffee sales - Low weekly rent for the location. - Financial figures available for serious buyers.FULL LIQUOR LICENCE 7 days 10am - MIDNIGHT .
  • Potential: True potential to develop the bar area side of the business, particularly on Friday evenings. - Do more social media advertising on both face book and instagram.Opportunity to open weekends.
  • Premises: Full compact kitchen and takeaway area upstairs and downstairs fully fitted bar area and a total area of 125 sq. mts.
  • Trading Hours: 5 days - Mon. to Fri. - 6 a.m. to 4 p.m.
  • Lease: Current lease expires on 30.09.2019 + a further 6 year option - 4 % annual rental increases - 6 month rental bond .
  • Employees: One working owner + 1 cook + 1 kitchen hand + 2 casuals .
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$22,000

Cost of Goods

$5,920

Gross Profit

$16,080

Rent

$1,339

Wages

$3,500

Telephone

$20

Insurance

$80

Electricity

$326

Misc1

$2,815

Coffee Kilos P/W

70

Total Expenses

$8,080

Estimated Stock (Additional)

$10,000

Net Profit

$8,000

Price

$698,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Espresso Bar - Cafe - Bar

Business Code: F3304
Price: $698,000
+ Estimated SAV $10,000

Key Features: Cafe - Espresso Bar - Sales - $22,000 pw - 5 days - Sydney Cbd - Nett $8000 pw

State: NSW

Suburb: Sydney, 2000

Location: Prime street front location amongst some of the most prestigious high rise buildings in Sydney's CBD.

Description

Cafe - Espresso Bar selling 70 kgs. of premium coffee p.w., fabulous breakfast including bagels, fruit salad, a range of toasts and muesli etc. - . A simple lunch menu includes chicken parmigiana, filo pastry, battered fish and chips, delicious burger options, salads, steak sandwiches, gourmet sandwiches. - Both hot and cold drinks as well as a great list of beers, wines and spirits from the bar located downstairs. - 55 seats inside.Brand new $500k fit out ( depreciation allowance approx $40 k per annum ) .For further information please contact your broker , please donot approach the owner or staff of the business.

Summary

  • Features: High volume coffee sales - Low weekly rent for the location. - Financial figures available for serious buyers.FULL LIQUOR LICENCE 7 days 10am - MIDNIGHT .
  • Potential: True potential to develop the bar area side of the business, particularly on Friday evenings. - Do more social media advertising on both face book and instagram.Opportunity to open weekends.
  • Premises: Full compact kitchen and takeaway area upstairs and downstairs fully fitted bar area and a total area of 125 sq. mts.
  • Trading Hours: 5 days - Mon. to Fri. - 6 a.m. to 4 p.m.
  • Lease: Current lease expires on 30.09.2019 + a further 6 year option - 4 % annual rental increases - 6 month rental bond .
  • Employees: One working owner + 1 cook + 1 kitchen hand + 2 casuals .
  • Sale Reason: Other business interests
  • Comments: The vendor owns the coffee machine but not the grinder .Busy early Breakfast trade inc Eggs , Bacon ( located next to 5 star Hotels , Australia Square & Curcular Quay ( TOURISTS ) .
    Vendor sub leases/licence agreement downstairs for night use after 4 pm for $1000 per week .This has been deducted off the current rental shown.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$22,000

Cost of Goods

$5,920

Gross Profit

$16,080

Rent (ex GST)

$1,339

Wages

$3,500

Telephone

$20

Insurance

$80

Electricity

$326

Misc1

$2,815

Coffee Kilos P/W

70

Total Expenses

$8,080

Estimated Stock (Additional)

$10,000

Net Profit

$8,000

Price

$698,000
+ Estimated SAV $10,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.