Visit this listing at https://www.sbx.com.au/business?id=SF1595

Business Code: SF1595

Key Features: Cafe - Franchise -Sales $21,000 p.w. - Netts $4,704 p.w. - University

State: NSW

Suburb: Wollongong, 2500

Location: Prime location in a near new business park which is part of a large University campus in the North of Wollongong

Description

Cafe on campus of University/Business park - Franchise - Espresso - Selling 40-50 kgs. coffee p.w. as well as sandwiches, pasta, salads, cakes, pastries and cold drinks - Innovative concept of ready to go products as well as a full kitchen plus cool room - Fully licensed - 100 seats inside and large communal area of outside seating. Figures shown are Jan - Dec 2019 weekly average.

Summary

  • Features: Under Management - Top business park location - Very little competition - Reasonable rent - Function area - Lifestyle location.
  • Potential: Excellent potential to increase sales and profit. - Very suitable for an owner operator or couple - Open more hours - Huge opportunities to do catering, functions and online sales - Do some marketing and advertising - Add pizza
  • Premises: Very luxurious, spacious, modern and well designed premises in a sought after location with large glass windows, views and a captive market of customers and an area of 243 m2 plus communal seating
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. - 4 p.m.
  • Lease: Current lease expires July, 2027 - 4% Increases - 6 month bond (Sub lease from University)
  • Employees: 1 Manager + 1 assistant Manager + 1 full time chef / cook + 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$21,000

Cost of Goods

$6,446

Gross Profit

$14,554

Rent

$2,020

Wages

$4,800

Telephone

$30

Insurance

$80

Electricity

$800

Misc1

$1,470

Misc2

$650

Total Expenses

$9,850

Estimated Stock (Additional)

$20,000

Net Profit

$4,704

Price

$598,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

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

Business Code: SF1595
Price: $598,000

Key Features: Cafe - Franchise -Sales $21,000 p.w. - Netts $4,704 p.w. - University

State: NSW

Suburb: Wollongong, 2500

Location: Prime location in a near new business park which is part of a large University campus in the North of Wollongong

Description

Cafe on campus of University/Business park - Franchise - Espresso - Selling 40-50 kgs. coffee p.w. as well as sandwiches, pasta, salads, cakes, pastries and cold drinks - Innovative concept of ready to go products as well as a full kitchen plus cool room - Fully licensed - 100 seats inside and large communal area of outside seating. Figures shown are Jan - Dec 2019 weekly average.

Summary

  • Features: Under Management - Top business park location - Very little competition - Reasonable rent - Function area - Lifestyle location.
  • Potential: Excellent potential to increase sales and profit. - Very suitable for an owner operator or couple - Open more hours - Huge opportunities to do catering, functions and online sales - Do some marketing and advertising - Add pizza
  • Premises: Very luxurious, spacious, modern and well designed premises in a sought after location with large glass windows, views and a captive market of customers and an area of 243 m2 plus communal seating
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. - 4 p.m.
  • Lease: Current lease expires July, 2027 - 4% Increases - 6 month bond (Sub lease from University)
  • Employees: 1 Manager + 1 assistant Manager + 1 full time chef / cook + 4 casuals
  • Sale Reason: This site being offered direct from a leading franchise group
  • Comments: Misc.- 1 - franchise fee of 7% and a marketing fee of 2% p.w. ( The marketing fee of 2% begins 1 year after purchase and is waived for the first year) - Misc.- 2 - Other general expenses and gst. - Pizza oven is included but not currently being used -Vendor Finance may be available. - Training available by negotiation depending on experience.-
    Training rooms located upstairs brings in lots of customers and catering potential as there is very little competition in the centre. - The Managers wage of $1500 p.w. has been removed and shown in profit as for an owner operator - A parking space is available for a fee of $1,500 per year if required. -
    A must to inspect but please be discreet - Captive market of customers and located in the business park.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$21,000

Cost of Goods

$6,446

Gross Profit

$14,554

Rent (ex GST)

$2,020

Wages

$4,800

Telephone

$30

Insurance

$80

Electricity

$800

Misc1

$1,470

Misc2

$650

Total Expenses

$9,850

Estimated Stock (Additional)

$20,000

Net Profit

$4,704

Price

$598,000

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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.