Visit this listing at https://www.sbx.com.au/business?id=SF1667

Business Code: SF1667

Key Features: Cafe -Takeaway - Espresso - Restaurant - Priced to sell - Cocktail Bar

State: NSW

Suburb: Chippendale, 2008

Location: Well located in a popular location among Asian eateries & bars and very close to the universities, movies and shopping centre in the City Fringe

Description

Cafe - Espresso Bar - Asian Fusion - Selling approx. 15-18 kgs. coffee & offering a full all day breakfast, pastries, sandwiches, smoothies, juices and lunch menu - Also has new night menu filled with Asian-fusion and innovative food - A fantastic cozy little heritage terrace with a large relaxed outdoor seating area at the rear. - Indoor seating for 15 people plus beautiful alfresco dining for approx. 25 people - Full kitchen & fully licensed selling beer, wine, whisky and cocktails.

Summary

  • Features: Popular and busy laneway location - Good lease. - Low rent. - Full kitchen - Great online reviews for coffee - No electricity or garbage bills as included in the rent - Storage area upstairs - Beautiful alfresco dining with a relaxed and cosy atmosphere - Busy lunch venue as close to university
  • Potential: 4 nights trade in the evenings will re open in July 2022 - Open more hours and continue to build the night trade - A hands on owner operator could easily reduce wages and increase profits.
  • Premises: This fully renovated heritage terrace has a total area of approx .52 m2 (35 + 17 m2 upstairs storage ) plus outdoor communal seating area
  • Trading Hours: 7 days - Mon. to Fri. - 7.30 a.m. - 3 p.m. and Sat. & Sun. - 8 a.m. - 3 p.m.
  • Lease: 5 year lease expires April 2027- 4% increases - 3 month bond
  • Employees: 1 Manager (wages shown in profit) + 1 full time barista +1 full time kitchen staff + 3- 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$10,000

Cost of Goods

$3,000

Gross Profit

$7,000

Rent

$1,212

Wages

$3,200

Outgoings

$210

Telephone

$20

Insurance

$122

Misc1

$185

Coffee Kilos P/W

17

Total Expenses

$4,949

Estimated Stock (Additional)

$5,000

Net Profit

$2,051

Price

$88,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe -Takeaway - Espresso -Cocktail Bar - Restaurant

Business Code: SF1667
Price: $88,000
+ Estimated SAV $5,000

Key Features: Cafe -Takeaway - Espresso - Restaurant - Priced to sell - Cocktail Bar

State: NSW

Suburb: Chippendale, 2008

Location: Well located in a popular location among Asian eateries & bars and very close to the universities, movies and shopping centre in the City Fringe

Parking: Street parking .

Description

Cafe - Espresso Bar - Asian Fusion - Selling approx. 15-18 kgs. coffee & offering a full all day breakfast, pastries, sandwiches, smoothies, juices and lunch menu - Also has new night menu filled with Asian-fusion and innovative food - A fantastic cozy little heritage terrace with a large relaxed outdoor seating area at the rear. - Indoor seating for 15 people plus beautiful alfresco dining for approx. 25 people - Full kitchen & fully licensed selling beer, wine, whisky and cocktails.

Summary

  • Features: Popular and busy laneway location - Good lease. - Low rent. - Full kitchen - Great online reviews for coffee - No electricity or garbage bills as included in the rent - Storage area upstairs - Beautiful alfresco dining with a relaxed and cosy atmosphere - Busy lunch venue as close to university
  • Potential: 4 nights trade in the evenings will re open in July 2022 - Open more hours and continue to build the night trade - A hands on owner operator could easily reduce wages and increase profits.
  • Premises: This fully renovated heritage terrace has a total area of approx .52 m2 (35 + 17 m2 upstairs storage ) plus outdoor communal seating area
  • Trading Hours: 7 days - Mon. to Fri. - 7.30 a.m. - 3 p.m. and Sat. & Sun. - 8 a.m. - 3 p.m.
  • Lease: 5 year lease expires April 2027- 4% increases - 3 month bond
  • Employees: 1 Manager (wages shown in profit) + 1 full time barista +1 full time kitchen staff + 3- 4 casuals
  • Sale Reason: Other business interests
  • Comments: Misc .-1 - Other general expenses - Outgoings include garbage collection, electricity & water. - Managers wage of $1000 p.w. has been removed and the figures for this business are being shown as if run by a hands on owner operator. - Night trade will re open for 4 nights in July 2022 with projections to increase sales to $16,000 p.w. - Licensed from 12 noon to 10 p.m. (plus even later STA)

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

$10,000

Cost of Goods

$3,000

Gross Profit

$7,000

Rent (ex GST)

$1,212

Wages

$3,200

Outgoings

$210

Telephone

$20

Insurance

$122

Misc1

$185

Coffee Kilos P/W

17

Total Expenses

$4,949

Estimated Stock (Additional)

$5,000

Net Profit

$2,051

Price

$88,000
+ 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.