Visit this listing at https://www.sbx.com.au/business?id=M2086

Business Code: M2086

Key Features: Cafe - Takeaway - Urgent Sale - Priced to Sell - Sydney CBD

State: NSW

Suburb: Sydney, 2000

Location: Top location In Sydney CBD centre next to Town hall station.

Description

Cafe - takeaway selling 28 kgs. premium coffee p.w., cakes, sandwiches, salads, burgers, pastas and Asian hot food. - It has a large sandwich bar, salad bar and hot food bar. - Full kitchen with store room. - Wide frontage with bi-fold glass doors. - 45 seats outside and 20 seats inside. - The shop has been refurbished in 2016 and at cost $150k.- The figures shown are pre Covid-19. - The sale price has had a massive drop from $580k to $99k now with WIWO condition. - New lease can be available with rent at a 30% discount around $1750/week

Summary

  • Features: Brilliant location. - Long established. - Long 10 years lease with no demolition clause. -Low rent with prime location and shop size. - Stable income for 11 years. - Huge potential after market recovery.
  • Potential: Expand office catering. - Enhance the area marketing. - Promote social media presence. - Update menu and increase the prices as they have been the same for more than 5 years.
  • Premises: Well presented shop with an area of approx 100 m2. plus outside seating area.
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m.- 4 p.m.
  • Lease: 5 + 5 years lease commenced 1st July, 2018 - 3.75% annual increases. - Rent bond $41,399 includes GST. - New lease and new rent can be negotiable with landlord. Possible 30% rental discount
  • Employees: 2 owners + 5 staff.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$19,000

Cost of Goods

$5,300

Gross Profit

$13,700

Rent

$2,400

Wages

$4,300

Telephone

$20

Insurance

$100

Electricity

$340

Misc1

$100

Coffee Kilos P/W

28

Total Expenses

$7,260

Estimated Stock (Additional)

$10,000

Net Profit

$6,440

Price

$99,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Takeaway

Business Code: M2086
Price: $99,000
+ Estimated SAV $10,000

Key Features: Cafe - Takeaway - Urgent Sale - Priced to Sell - Sydney CBD

State: NSW

Suburb: Sydney, 2000

Location: Top location In Sydney CBD centre next to Town hall station.

Description

Cafe - takeaway selling 28 kgs. premium coffee p.w., cakes, sandwiches, salads, burgers, pastas and Asian hot food. - It has a large sandwich bar, salad bar and hot food bar. - Full kitchen with store room. - Wide frontage with bi-fold glass doors. - 45 seats outside and 20 seats inside. - The shop has been refurbished in 2016 and at cost $150k.- The figures shown are pre Covid-19. - The sale price has had a massive drop from $580k to $99k now with WIWO condition. - New lease can be available with rent at a 30% discount around $1750/week

Summary

  • Features: Brilliant location. - Long established. - Long 10 years lease with no demolition clause. -Low rent with prime location and shop size. - Stable income for 11 years. - Huge potential after market recovery.
  • Potential: Expand office catering. - Enhance the area marketing. - Promote social media presence. - Update menu and increase the prices as they have been the same for more than 5 years.
  • Premises: Well presented shop with an area of approx 100 m2. plus outside seating area.
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m.- 4 p.m.
  • Lease: 5 + 5 years lease commenced 1st July, 2018 - 3.75% annual increases. - Rent bond $41,399 includes GST. - New lease and new rent can be negotiable with landlord. Possible 30% rental discount
  • Employees: 2 owners + 5 staff.
  • Sale Reason: Family reasons
  • Comments: The rent includes all outgoing. - Rare opportunity to buy a successful cafe in a prized location. - Not being sold on figures. - Inspection must be through the broker. - Please do not approach the shop staff and owners when visiting the business. - Bargain offer.

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

$19,000

Cost of Goods

$5,300

Gross Profit

$13,700

Rent (ex GST)

$2,400

Wages

$4,300

Telephone

$20

Insurance

$100

Electricity

$340

Misc1

$100

Coffee Kilos P/W

28

Total Expenses

$7,260

Estimated Stock (Additional)

$10,000

Net Profit

$6,440

Price

$99,000
+ 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.