Visit this listing at https://www.sbx.com.au/business?id=M2008

Business Code: M2008

Key Features: Cafe - Sales $58,000 pw Restaurant Bar - Inner West - Profit $12695 p.w .

State: NSW

Suburb: Sydney, 2000

Location: Waterfront dining hub in a young and dynamic community In Inner West of Sydney

Description

Cafe - restaurant with waterfront location serving modern Australian cuisine. - Offers a multitude of breakfast, lunch and dinner options and has an interesting list of hot and cold refreshments. - Elegant appearance with big open space, full glass floor to ceiling windows facing to water. - Attractive coffee bar, food bar and wine bar. - Fully equipped large commercial kitchen. - Fully licenced. -230 seats inside and outside - Great friendly service and divine food. - Extremely busy on weekends with takings between $30,000 to $36,000 for 2 days. - Uses 50 kgs of premium coffee beans per week.

Summary

  • Features: Popular area. - Sparking water views location. - Bright modern space.. - Very long 20 years lease. - Run under full management. - Huge growth potential.
  • Potential: This business has great growing potential. - Promote marketing. - More opportunities especially in function centre to develop the business such as weddings, special parties, corporate events etc. - Takings could increase $20,000 to $30,000 a week.
  • Premises: Unique designed and modern decor and extremely spacious with total area of 550 m2 plus one function room approx 500 m2 which has capacity for 300 people drinking and dining.
  • Trading Hours: 7 days - Mon. - Wed. - 8 a.m.- 4 p.m.- Thur. - Sun.- 8 a.m.- 9 p.m.
  • Lease: 10 + 10 years lease commenced Jan .2017- 3.5% annual C.P.I.rental increases. - $195,000 rent bond.
  • Employees: Fully under management- 2 Managers+ 1 head chef + 2 rotating chefs+ 1 head barista + 8 rotating baristas and kitchen hand and floor servers total around 40 staff.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$58,585

Cost of Goods

$17,665

Gross Profit

$40,920

Rent

$7,200

Wages

$18,000

Telephone

$20

Insurance

$100

Electricity

$1,250

Gas

$500

Misc1

$1,155

Coffee Kilos P/W

50

Total Expenses

$28,225

Estimated Stock (Additional)

$16,000

Net Profit

$12,695

Price

$2,400,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Restaurant - Bar - Under Management

Business Code: M2008
Price: $2,400,000

Key Features: Cafe - Sales $58,000 pw Restaurant Bar - Inner West - Profit $12695 p.w .

State: NSW

Suburb: Sydney, 2000

Location: Waterfront dining hub in a young and dynamic community In Inner West of Sydney

Description

Cafe - restaurant with waterfront location serving modern Australian cuisine. - Offers a multitude of breakfast, lunch and dinner options and has an interesting list of hot and cold refreshments. - Elegant appearance with big open space, full glass floor to ceiling windows facing to water. - Attractive coffee bar, food bar and wine bar. - Fully equipped large commercial kitchen. - Fully licenced. -230 seats inside and outside - Great friendly service and divine food. - Extremely busy on weekends with takings between $30,000 to $36,000 for 2 days. - Uses 50 kgs of premium coffee beans per week.

Summary

  • Features: Popular area. - Sparking water views location. - Bright modern space.. - Very long 20 years lease. - Run under full management. - Huge growth potential.
  • Potential: This business has great growing potential. - Promote marketing. - More opportunities especially in function centre to develop the business such as weddings, special parties, corporate events etc. - Takings could increase $20,000 to $30,000 a week.
  • Premises: Unique designed and modern decor and extremely spacious with total area of 550 m2 plus one function room approx 500 m2 which has capacity for 300 people drinking and dining.
  • Trading Hours: 7 days - Mon. - Wed. - 8 a.m.- 4 p.m.- Thur. - Sun.- 8 a.m.- 9 p.m.
  • Lease: 10 + 10 years lease commenced Jan .2017- 3.5% annual C.P.I.rental increases. - $195,000 rent bond.
  • Employees: Fully under management- 2 Managers+ 1 head chef + 2 rotating chefs+ 1 head barista + 8 rotating baristas and kitchen hand and floor servers total around 40 staff.
  • Sale Reason: Other business commitments.
  • Comments: The rent includes all outgoings and next door function room. - The figures are based on financial records from 14th May,2017 to 31st Dec. 2018 and includes function centre income average of $5395 p.w. - Misc.- 1 -Refers to general business expenses. - 2 pages confidential agreement form is to be signed to disclose the business name and address and financials. - The business set up cost was over $1.5 million. - A rare find and a great investment opportunity.- Business can also be sold 50% of shares in partnership.

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

Weekly Summary

Weekly Takings
(inc GST)

$58,585

Cost of Goods

$17,665

Gross Profit

$40,920

Rent (ex GST)

$7,200

Wages

$18,000

Telephone

$20

Insurance

$100

Electricity

$1,250

Gas

$500

Misc1

$1,155

Coffee Kilos P/W

50

Total Expenses

$28,225

Estimated Stock (Additional)

$16,000

Net Profit

$12,695

Price

$2,400,000

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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.