Cafe - Restaurant - Bar

Business Code: FN1142


Key Features: Very popular

State: NSW

Location: Situated on busy main road close to main Inner West station

Description

Cafe - restaurant - bar offering fusion style meals inspired by Australian and Korean cuisine - On the menu are different types of schnitzels, pasta, Korean foods, Turkish bread, pancakes, burgers and salads. - Business focuses also on the bar offering a great range of beer, whisky, wine etc. - The venue seats up to 30 people inside and 50 people in outdoor seating in courtyard - Full liquor licence. - full kitchen, toilet and storage- Lovely staff & courtyard makes for an enjoyable dining experience. - Very busy during week nights and weekend.

Summary

  • Features: Lovely fit out. - Attractive sunny outdoor courtyard area. - Regular customers. - Very popular well known restaurant.

  • Potential: Lots of potential for experienced couple who have previously had a cafe -restaurant business- Experienced couple could save on wages - Can open any restaurant

  • Premises: This business has an area of 300 sq.mts. with beautiful outdoor seating area in courtyard.

  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 10:00 p.m.

  • Lease: Current lease expires on August, 2020, - New 5 years lease available. - $55,000 bond - 4% rent increases per year.

  • Employees: 1 owner + 2 full timers + 2 casuals

  • Comments: Rare to see such a successful cafe restaurant business - First time on the market in 10 years. - Very popular amongst the Korean and Chinese customers - Motivated vendor - Misc.- 1- Other general expenses

Weekly Summary

Weekly Takings
(inc GST)

$19,000

Cost of Goods

$4,750

Gross Profit

$14,250

Rent

$4,400

Wages

$4,000

Outgoings

$125

Telephone

$30

Insurance

$50

Electricity

$100

Gas

$80

Misc1

$465

Coffee Kilos P/W

20

Total Expenses

$9,250

Estimated Stock (Additional)

$2,000

Net Profit

$5,000

Price

$260,000

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