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

Business Code: SF1368

Key Features: Cafe - Espresso - Sales $12,200 p.w.- Net $3,360 p.w - 5 Day - RENT REDUCED

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 25kgs. 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 -Very good rent reduction to $1700 p.w. ex gst and this is the current rent negotiated for 6 months till September 2022 and then rent reverts to $3,397p.w. ex gst

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 -Over 440 usually employees work above the cafe 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 with 50% rent reduction so current rent is $1,700 ex gst p.w. till sep 2022 )
  • Employees: 1 x full time Manager ( wage shown in net profit) + 3- 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$12,200

Cost of Goods

$4,200

Gross Profit

$8,000

Rent

$1,700

Wages

$2,000

Insurance

$80

Electricity

$200

Gas

$60

Misc1

$600

Coffee Kilos P/W

30

Total Expenses

$4,640

Estimated Stock (Additional)

$10,000

Net Profit

$3,360

Price

$128,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Asian Food - Takeaway - Under Management - Restaurant

Business Code: SF1368
Price: $128,000
+ Estimated SAV $10,000

Key Features: Cafe - Espresso - Sales $12,200 p.w.- Net $3,360 p.w - 5 Day - RENT REDUCED

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 25kgs. 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 -Very good rent reduction to $1700 p.w. ex gst and this is the current rent negotiated for 6 months till September 2022 and then rent reverts to $3,397p.w. ex gst

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 -Over 440 usually employees work above the cafe 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 with 50% rent reduction so current rent is $1,700 ex gst p.w. till sep 2022 )
  • 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 $1,100 p.w. has been removed from wages and included in net profit as for an owner operator -
    Rent shown is currently reduced and includes all outgoings and grease trap cleaning - Good records available at a meeting - PRICE DROPPED

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 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

$12,200

Cost of Goods

$4,200

Gross Profit

$8,000

Rent (ex GST)

$1,700

Wages

$2,000

Insurance

$80

Electricity

$200

Gas

$60

Misc1

$600

Coffee Kilos P/W

30

Total Expenses

$4,640

Estimated Stock (Additional)

$10,000

Net Profit

$3,360

Price

$128,000
+ 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.