Visit this listing at https://www.sbx.com.au/business?id=SF1593

Business Code: SF1593

Key Features: Cafe - Espresso - Franchise - Sales $11,100 p.w. - Melbourne CBD - 5 Days

State: VIC

Suburb: Melbourne, 3000

Location: Foyer franchise cafe with a prime corner location in a busy legal building surrounded by hotels, offices and retail in the heart of the Melbourne CBD legal precinct.

Description

Cafe - Foyer - Takeaway - Franchise - Selling coffee as well as full breakfast and lunch, sandwiches, salads, cakes, freshly baked muffins and snacks - Full kitchen plus cool room - 60 seats inside. Current sales for Jan - September 2021 $9K - $11K p.w. and the pre Covid-19 sales where around $16K average per week.

Summary

  • Features: Very long lease - Beautifully renovated - No competition - Target market of customers - High foot traffic - Nothing to spend.
  • Potential: Suit an owner operator or couple - Obtain a liquor license and there is already a bar area set up (STA) - This is a strong business that is still growing and sales increasing .- Expand catering and functions
  • Premises: Street level corner cafe with an excellent modern fit out and an area of 200m2 plus a large seating area.
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. - 4 p.m. (Currently open )
  • Lease: Current lease expires Feb. 2028 + 5 + 5 year options - CPI yearly increases - 3 month bond
  • Employees: 1 Manager + 2 part timers + 5-6 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$11,100

Cost of Goods

$3,000

Gross Profit

$8,100

Rent

$2,020

Wages

$2,500

Outgoings

$335

Telephone

$20

Insurance

$60

Electricity

$200

Gas

$40

Misc1

$550

Misc2

$200

Total Expenses

$5,925

Estimated Stock (Additional)

$5,000

Net Profit

$2,175

Price

$238,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Foyer Cafe -Espresso - Franchise - Under Management- Takeaway

Business Code: SF1593
Price: $238,000
+ Estimated SAV $5,000

Key Features: Cafe - Espresso - Franchise - Sales $11,100 p.w. - Melbourne CBD - 5 Days

State: VIC

Suburb: Melbourne, 3000

Location: Foyer franchise cafe with a prime corner location in a busy legal building surrounded by hotels, offices and retail in the heart of the Melbourne CBD legal precinct.

Description

Cafe - Foyer - Takeaway - Franchise - Selling coffee as well as full breakfast and lunch, sandwiches, salads, cakes, freshly baked muffins and snacks - Full kitchen plus cool room - 60 seats inside. Current sales for Jan - September 2021 $9K - $11K p.w. and the pre Covid-19 sales where around $16K average per week.

Summary

  • Features: Very long lease - Beautifully renovated - No competition - Target market of customers - High foot traffic - Nothing to spend.
  • Potential: Suit an owner operator or couple - Obtain a liquor license and there is already a bar area set up (STA) - This is a strong business that is still growing and sales increasing .- Expand catering and functions
  • Premises: Street level corner cafe with an excellent modern fit out and an area of 200m2 plus a large seating area.
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. - 4 p.m. (Currently open )
  • Lease: Current lease expires Feb. 2028 + 5 + 5 year options - CPI yearly increases - 3 month bond
  • Employees: 1 Manager + 2 part timers + 5-6 casuals
  • Sale Reason: This is a company owned store sale with multiple sites.
  • Comments: Misc. - 1 - Franchise fee fixed $550 p.w. inc GST - Misc.-2- Other general expenses and and 2% franchise marketing fee - The 3 group coffee machine and grinders are owned by the coffee company.
    The Managers wage of $1500 p.w. has been removed from wages and shown in net profit as if for an owner operator.- Franchise agreement and training costs are extra and can be discussed at a meeting with the Franchisor - Current sales for 2021 $9K - $11K p.w. and the pre Covid-19 sales where around $16K average per week. A must to inspect but please be very 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

$11,100

Cost of Goods

$3,000

Gross Profit

$8,100

Rent (ex GST)

$2,020

Wages

$2,500

Outgoings

$335

Telephone

$20

Insurance

$60

Electricity

$200

Gas

$40

Misc1

$550

Misc2

$200

Total Expenses

$5,925

Estimated Stock (Additional)

$5,000

Net Profit

$2,175

Price

$238,000
+ Estimated SAV $5,000

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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.