Visit this listing at https://www.sbx.com.au/business?id=SF1598M

Business Code: SF1598M

Key Features: Cafe - Espresso - Franchise - Takeaway - University nearby

State: NSW

Suburb: Haymarket, 2000

Location: Situated under large premium residential tower next to University campus and Tafe in high foot traffic flow area of Sydney.

Description

Cafe - Espresso Bar - Takeaway selling their own brand freshly roasted blended coffee, tasty sourdough sandwiches, all day breakfast, burgers, salads and cakes etc. - Strong coffee sales of 65 kgs. weekly. - Open kitchen. - Light cooking. - 30 seats inside and 30 seats outside

Summary

  • Features: Top location in Sydney University area. - A proven system of operation. - Low Franchise fee - Franchise training and support. - High margins. - Run by management - The rent includes all outgoings.
  • Potential: This business is continuing to grow in its busy location. - Suit a motivated owner operator or an astute investor - Expand catering
  • Premises: Modern designed cafe with an area of 60m2 including upstairs seating room plus large outside seating area.
  • Trading Hours: 7 days - Mon. - Fri. - 6 a.m - 6 p.m. - Sat. -Sun. - 7 a.m.- 6 p.m.
  • Lease: Current lease expires Nov. 2024 ( Additional term should be available to a successful buyer) - 4% annual increases. - 3 months bond
  • Employees: Fully under management - 9 casuals / part timers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,600

Cost of Goods

$7,000

Gross Profit

$17,600

Rent

$2,700

Wages

$6,070

Telephone

$25

Insurance

$70

Electricity

$230

Misc1

$800

Misc2

$1,100

Coffee Kilos P/W

65

Total Expenses

$10,995

Estimated Stock (Additional)

$6,000

Net Profit

$6,605

Price

$498,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Espresso - Franchise - Under Management

Business Code: SF1598M
Price: $498,000

Key Features: Cafe - Espresso - Franchise - Takeaway - University nearby

State: NSW

Suburb: Haymarket, 2000

Location: Situated under large premium residential tower next to University campus and Tafe in high foot traffic flow area of Sydney.

Description

Cafe - Espresso Bar - Takeaway selling their own brand freshly roasted blended coffee, tasty sourdough sandwiches, all day breakfast, burgers, salads and cakes etc. - Strong coffee sales of 65 kgs. weekly. - Open kitchen. - Light cooking. - 30 seats inside and 30 seats outside

Summary

  • Features: Top location in Sydney University area. - A proven system of operation. - Low Franchise fee - Franchise training and support. - High margins. - Run by management - The rent includes all outgoings.
  • Potential: This business is continuing to grow in its busy location. - Suit a motivated owner operator or an astute investor - Expand catering
  • Premises: Modern designed cafe with an area of 60m2 including upstairs seating room plus large outside seating area.
  • Trading Hours: 7 days - Mon. - Fri. - 6 a.m - 6 p.m. - Sat. -Sun. - 7 a.m.- 6 p.m.
  • Lease: Current lease expires Nov. 2024 ( Additional term should be available to a successful buyer) - 4% annual increases. - 3 months bond
  • Employees: Fully under management - 9 casuals / part timers
  • Sale Reason: Franchisor sale
  • Comments: Misc.- 1 - Franchise Fee $800 p.w. Flat Fee - Misc.- 2 -Outside seating area fee, general expenses and GST - Franchise currently has 7 trading chain stores plus 3 new stores which will open soon. - It has own coffee roast workshop which delivers coffee and excellent brand / package to franchisee stores.- Comprehensive training and ongoing support. -
    This is a lifestyle business offering a good opportunity for an investor and an owner operator alike. - The profile figures shown are based on 2018 / 19 financial year profit and loss statement. - Highly recommended cafe in Sydney University district. -
    A key feature is this business does not pay any rent in January & February so rent shown is weekly over 10 months - The yearly rent is $140,383.08. - The current selling price also includes a training fee of $10K and the Initial Franchise fee $52K. - 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

Weekly Takings
(inc GST)

$24,600

Cost of Goods

$7,000

Gross Profit

$17,600

Rent (ex GST)

$2,700

Wages

$6,070

Telephone

$25

Insurance

$70

Electricity

$230

Misc1

$800

Misc2

$1,100

Coffee Kilos P/W

65

Total Expenses

$10,995

Estimated Stock (Additional)

$6,000

Net Profit

$6,605

Price

$498,000

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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.