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

Business Code: SF1593

Key Features: Cafe - Espresso - Franchise - Sales $21,500 p.w. - Melbourne CBD

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 -Leading family owned Franchise Cafe with over 35 stores since 2012 - Selling approx 30 kg coffee as well as full breakfast and lunch, sandwiches, salads, cakes, freshly baked muffins and snacks - Full kitchen plus cool room - 60 seats inside. Sales shown are current in April 2022 and now open 7 days

Summary

  • Features: Very long lease - Beautifully renovated - No competition - Target market of customers - High foot traffic - No Rubbish removal costs - 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 - Open 7 Days
  • Premises: Street level corner cafe with an excellent modern fit out and an area of 200m2 plus a large seating area.
  • Trading Hours: 5.5 days - Mon. - Fri. - 7 a.m. - 3 p.m. Plus Sat & Sun 7 a,m to 1 pm (optional mainly for Uber)
  • Lease: Current lease expires Feb. 2028 + 5 + 5 year options - CPI yearly increases - 3 month bond
  • Employees: 1 Manager + 1 Full time Barista + 3 part timers + 3-4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$21,500

Cost of Goods

$6,500

Gross Profit

$15,000

Rent

$2,184

Wages

$5,500

Outgoings

$368

Telephone

$20

Insurance

$100

Electricity

$230

Gas

$40

Misc1

$1,935

Misc2

$400

Total Expenses

$10,777

Estimated Stock (Additional)

$5,000

Net Profit

$4,223

Price

$298,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Foyer Cafe - Espresso - Franchise - Under Management - Takeaway

Business Code: SF1593
Price: $298,000
+ Estimated SAV $5,000

Key Features: Cafe - Espresso - Franchise - Sales $21,500 p.w. - Melbourne CBD

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.

Parking: Street parking. .

Description

Cafe - Foyer - Takeaway - Franchise -Leading family owned Franchise Cafe with over 35 stores since 2012 - Selling approx 30 kg coffee as well as full breakfast and lunch, sandwiches, salads, cakes, freshly baked muffins and snacks - Full kitchen plus cool room - 60 seats inside. Sales shown are current in April 2022 and now open 7 days

Summary

  • Features: Very long lease - Beautifully renovated - No competition - Target market of customers - High foot traffic - No Rubbish removal costs - 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 - Open 7 Days
  • Premises: Street level corner cafe with an excellent modern fit out and an area of 200m2 plus a large seating area.
  • Trading Hours: 5.5 days - Mon. - Fri. - 7 a.m. - 3 p.m. Plus Sat & Sun 7 a,m to 1 pm (optional mainly for Uber)
  • Lease: Current lease expires Feb. 2028 + 5 + 5 year options - CPI yearly increases - 3 month bond
  • Employees: 1 Manager + 1 Full time Barista + 3 part timers + 3-4 casuals
  • Sale Reason: This is a company owned store sale with multiple sites.
  • Comments: Misc. - 1 - A Franchise fee 7% and 2% marketing fee - Misc.-2- Other general expenses - 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.
    A must to inspect but please be very discreet!

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

$21,500

Cost of Goods

$6,500

Gross Profit

$15,000

Rent (ex GST)

$2,184

Wages

$5,500

Outgoings

$368

Telephone

$20

Insurance

$100

Electricity

$230

Gas

$40

Misc1

$1,935

Misc2

$400

Total Expenses

$10,777

Estimated Stock (Additional)

$5,000

Net Profit

$4,223

Price

$298,000
+ 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.