Visit this listing at https://www.sbx.com.au/business?id=SF1368

Business Code: SF1368

Key Features: Cafe - Espresso - Sales $16,100 p.w.- Net $5,263 pw - 5 Day -CBD Near Wynyard

State: NSW

Suburb: Sydney, 2000

Location: Prominent location in Sydney CBD, close to the tram and train station and surrounded by offices near Wynyard

Description

Cafe - Foyer - Espresso - Takeaway - Cafe selling 30kgs. of coffee per week. - Coffee machine is at the entrance of the shop - The menu has classic items including full breakfast, salads, sandwiches and wraps as well as Western, Asian and Thai dishes - Full commercial kitchen - Cool room. - 30 seats inside - Pre Covid sales were $20,000 p.w. and this cafe has traded well during 2020 - Good records available at a meeting - Open during lock down from July - Sep 2021 for takeaway.

Summary

  • Features: Top CBD location with lots of foot traffic - Nothing to spend. - Stunning looking cafe - No outgoings - Under management - Recipes can be provided - Full kitchen and cool room - Was previously licensed - Long stable lease
  • Potential: Trade at night - Open Saturday - Do some advertising and marketing - Add a website - Increase social media presence and on line ordering - An owner operator or a couple could increase sales and profit -Busy cafe with over 440 employees above plus street trade.- Outdoor seating (STA)- Was previously licensed so obtain a license (STA)
  • Premises: Street front cafe with a 12 stories office block upstairs, next to a supermarket and an area of 100 sq. mts. which was fitted out recently with a new custom food display and has a split level area at the back of the shop .
  • Trading Hours: 5 days - Mon. - Fri. - 7.00 a.m. - 3.30 p.m.
  • Lease: Current 10 year lease expires Sep 2028 - 4.5% Increases - Currently $67,904 bank guarantee bond. (Long stable lease )
  • Employees: 1 x full time Manager ( wage shown in net profit) + 3- 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$16,100

Cost of Goods

$4,500

Gross Profit

$11,600

Rent

$3,397

Wages

$2,100

Insurance

$80

Electricity

$200

Gas

$60

Misc1

$500

Coffee Kilos P/W

30

Total Expenses

$6,337

Estimated Stock (Additional)

$10,000

Net Profit

$5,263

Price

$278,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Espresso Bar - Takeaway - Under Management - Restaurant

Business Code: SF1368
Price: $278,000
+ Estimated SAV $10,000

Key Features: Cafe - Espresso - Sales $16,100 p.w.- Net $5,263 pw - 5 Day -CBD Near Wynyard

State: NSW

Suburb: Sydney, 2000

Location: Prominent location in Sydney CBD, close to the tram and train station and surrounded by offices near Wynyard

Description

Cafe - Foyer - Espresso - Takeaway - Cafe selling 30kgs. of coffee per week. - Coffee machine is at the entrance of the shop - The menu has classic items including full breakfast, salads, sandwiches and wraps as well as Western, Asian and Thai dishes - Full commercial kitchen - Cool room. - 30 seats inside - Pre Covid sales were $20,000 p.w. and this cafe has traded well during 2020 - Good records available at a meeting - Open during lock down from July - Sep 2021 for takeaway.

Summary

  • Features: Top CBD location with lots of foot traffic - Nothing to spend. - Stunning looking cafe - No outgoings - Under management - Recipes can be provided - Full kitchen and cool room - Was previously licensed - Long stable lease
  • Potential: Trade at night - Open Saturday - Do some advertising and marketing - Add a website - Increase social media presence and on line ordering - An owner operator or a couple could increase sales and profit -Busy cafe with over 440 employees above plus street trade.- Outdoor seating (STA)- Was previously licensed so obtain a license (STA)
  • Premises: Street front cafe with a 12 stories office block upstairs, next to a supermarket and an area of 100 sq. mts. which was fitted out recently with a new custom food display and has a split level area at the back of the shop .
  • Trading Hours: 5 days - Mon. - Fri. - 7.00 a.m. - 3.30 p.m.
  • Lease: Current 10 year lease expires Sep 2028 - 4.5% Increases - Currently $67,904 bank guarantee bond. (Long stable lease )
  • Employees: 1 x full time Manager ( wage shown in net profit) + 3- 4 casuals
  • Sale Reason: Other business interests
  • Comments: Misc. 1 - Other general expenses - Outdoor seating was previously available but not in use at present -
    Great fit out with wood fired Italian pizza oven and new food displays. ( The Pizza oven is currently not being used and is included ) - A 3 coffee machine is not included in the sale but can be negotiated - New fridge display valued included at $25K - The Managers wage of $1100 p.w. has been removed from wages and included in net profit as for an owner operator -
    Rent includes all outgoings and grease trap cleaning. - Sales shown are current and will increase even further in 2021 - A must to inspect but please be discreet-

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

$16,100

Cost of Goods

$4,500

Gross Profit

$11,600

Rent (ex GST)

$3,397

Wages

$2,100

Insurance

$80

Electricity

$200

Gas

$60

Misc1

$500

Coffee Kilos P/W

30

Total Expenses

$6,337

Estimated Stock (Additional)

$10,000

Net Profit

$5,263

Price

$278,000
+ 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.