Visit this listing at https://www.sbx.com.au/business?id=SF1618

Business Code: SF1618

Key Features: Piccolo Me - Cafe - Espresso - University - Wollongong -Sales $24,000 p.w.

State: NSW

Suburb: Wollongong, 2500

Location: Situated in the heart of a large university and located at the 2 main entrance of a food hub in Wollongong area.

Description

Cafe - Espresso - Franchise - Takeaway in University with 3 tenancies on one lease. - 1st shop does coffee / sweets and the 2nd store does all the hot food burgers / salads and sandwiches. - The 3rd store is currently a seating / dining area selling coffee as well as full breakfast and lunch, sandwiches, salads, burgers, cakes, freshly baked muffins and snacks plus an Innovative concept of ready to go products - Currently doing 40 kgs. coffee + 10 kgs. of chocolate - Pre Covid was 65 kgs. coffee + 15 kgs. chocolate p.w. - Full kitchen with cool room and freezer - 30 seats inside and 45 seats outside

Summary

  • Features: Location - Location - Caters to university staff - Electricity is included in the rent - High foot traffic area - 3 shops merged together - Long lease - New store set up in 2020 - Captive market of customers
  • Potential: Buyer could make the seating room as a separate store ( This area is fully structured, just needs a front counter to start trading or sublease for about $450/week rental income) - Suit an owner operator or couple - This is a strong business that is still growing and sales increasing.- Expand catering and functions
  • Premises: 3 shops in 1 with a large seating area and outdoor area with umbrellas and tree lined views with the top position at the outside entrance of a food court with an area of 105 m2 plus seating area
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. to 4 p.m. (Can open more days and soon to trial weekends)
  • Lease: 12 year lease expires 2032 - 2.5% annual increases - 3 month Bond
  • Employees: 1 Manager + 2 full timers + 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,000

Cost of Goods

$7,540

Gross Profit

$16,460

Rent

$1,634

Wages

$4,980

Outgoings

$239

Telephone

$50

Insurance

$80

Misc1

$2,160

Misc2

$700

Total Expenses

$9,843

Estimated Stock (Additional)

$11,000

Net Profit

$6,617

Price

$480,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Franchise - Cafe - Takeaway - University

Business Code: SF1618
Price: $480,000
+ Estimated SAV $11,000

Key Features: Piccolo Me - Cafe - Espresso - University - Wollongong -Sales $24,000 p.w.

State: NSW

Suburb: Wollongong, 2500

Location: Situated in the heart of a large university and located at the 2 main entrance of a food hub in Wollongong area.

Description

Cafe - Espresso - Franchise - Takeaway in University with 3 tenancies on one lease. - 1st shop does coffee / sweets and the 2nd store does all the hot food burgers / salads and sandwiches. - The 3rd store is currently a seating / dining area selling coffee as well as full breakfast and lunch, sandwiches, salads, burgers, cakes, freshly baked muffins and snacks plus an Innovative concept of ready to go products - Currently doing 40 kgs. coffee + 10 kgs. of chocolate - Pre Covid was 65 kgs. coffee + 15 kgs. chocolate p.w. - Full kitchen with cool room and freezer - 30 seats inside and 45 seats outside

Summary

  • Features: Location - Location - Caters to university staff - Electricity is included in the rent - High foot traffic area - 3 shops merged together - Long lease - New store set up in 2020 - Captive market of customers
  • Potential: Buyer could make the seating room as a separate store ( This area is fully structured, just needs a front counter to start trading or sublease for about $450/week rental income) - Suit an owner operator or couple - This is a strong business that is still growing and sales increasing.- Expand catering and functions
  • Premises: 3 shops in 1 with a large seating area and outdoor area with umbrellas and tree lined views with the top position at the outside entrance of a food court with an area of 105 m2 plus seating area
  • Trading Hours: 5 days - Mon. - Fri. - 7 a.m. to 4 p.m. (Can open more days and soon to trial weekends)
  • Lease: 12 year lease expires 2032 - 2.5% annual increases - 3 month Bond
  • Employees: 1 Manager + 2 full timers + 4 casuals
  • Sale Reason: Built to sell plus other business interests
  • Comments: Misc.- 1 - Franchise fees 7% and marketing 2% - Misc.- 2 - Other general expenses - The Managers wage of $1150 p.w. has been removed from wages and added into net profit as for an owner operator - Current rent is reduced to $4600 / month due to Covid 19 - A 4 group coffee machine is owned by the coffee company - everything else is fully owned including the full fit out, equipment and set up in 2020 -
    Caters to university staff - The coffee and packaging is purchased from this Australian owned company at reasonable prices - Current owner is due to trial opening on the weekends soon as there are large number of customers who live on campus.-
    This business is 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

$24,000

Cost of Goods

$7,540

Gross Profit

$16,460

Rent (ex GST)

$1,634

Wages

$4,980

Outgoings

$239

Telephone

$50

Insurance

$80

Misc1

$2,160

Misc2

$700

Total Expenses

$9,843

Estimated Stock (Additional)

$11,000

Net Profit

$6,617

Price

$480,000
+ Estimated SAV $11,000

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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.