Visit this listing at https://www.sbx.com.au/business?id=SFG1035

Business Code: SFG1035

Key Features: Cafe - Restaurant - $3200 plus nett p.w - Unlimited potential

State: NSW

Location: Conveniently located on main arterial road in a small suburban shopping centre featuring a supermarket on Upper North Shore.

Description

Restaurant - cafe - currently only trading for dinner serving classic italian cusine with a seafood emphasis. - Excellent loyal suppliers provide quality produce yet the restaurants cost of goods is only 21% of turnover.- Specials change regularly with seafood and pasta prominent. - The business features a fully equipped excellent kitchen and the ample counter area within the restaurant prominently displays the fully owned coffee machine. -Suspended trestles within the pitched ceiling display potted flora adding to the overall feel of the space. - Fully licensed - 48 seats inside - 20 seats outside.

Summary

  • Features: Very well established. - Loyal clientele - Excellent reputation. - Quality suppliers. Stable staffing. - No additional fee or rent for alfresco dining area. - Excellent website - Limited competition.
  • Potential: Daytime cafe operation will double turnover.- Capture early morning coffee trade.- Open for brunch and lunch - Business is fully set up for daytime cafe operation.
  • Premises: Light filled open space with pitched ceiling producing a casual refined ambience with alfresco seating comprising 80 sq. mts.
  • Trading Hours: 7 days - 6 p.m. to late
  • Lease: Current lease expires August 2028. - C.P.I. increases - 3 month security deposit.
  • Employees: 1 owner, + 1 fulltime chef + 4 casuals
  • Comments: Misc.- 1 - Sundry expenses and GST. - This is rare opportunity to acquire a landmark Upper North Shore restaurant with an enviable reputation and a long history of profitable consistent trading. - The premises are less than 50% utilised so the opportunity exists to turn the business into a significant cash flow by opening during the day as a cafe

Weekly Summary

Weekly Takings (inc GST)

$9,200

Cost of Goods

$1,930

Gross Profit

$7,270

Rent

$1,410

Wages

$2,000

Telephone

$85

Insurance

$50

Electricity

$230

Gas

$95

Misc1

$140

Total Expenses

$4,010

Estimated Stock (Additional)

$3,000

Net Profit

$3,260

Price

$295,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Restaurant - Italian Cuisine

Business Code: SFG1035
Price: $295,000

Key Features: Cafe - Restaurant - $3200 plus nett p.w - Unlimited potential

State: NSW

Location: Conveniently located on main arterial road in a small suburban shopping centre featuring a supermarket on Upper North Shore.

Description

Restaurant - cafe - currently only trading for dinner serving classic italian cusine with a seafood emphasis. - Excellent loyal suppliers provide quality produce yet the restaurants cost of goods is only 21% of turnover.- Specials change regularly with seafood and pasta prominent. - The business features a fully equipped excellent kitchen and the ample counter area within the restaurant prominently displays the fully owned coffee machine. -Suspended trestles within the pitched ceiling display potted flora adding to the overall feel of the space. - Fully licensed - 48 seats inside - 20 seats outside.

Summary

  • Features: Very well established. - Loyal clientele - Excellent reputation. - Quality suppliers. Stable staffing. - No additional fee or rent for alfresco dining area. - Excellent website - Limited competition.
  • Potential: Daytime cafe operation will double turnover.- Capture early morning coffee trade.- Open for brunch and lunch - Business is fully set up for daytime cafe operation.
  • Premises: Light filled open space with pitched ceiling producing a casual refined ambience with alfresco seating comprising 80 sq. mts.
  • Trading Hours: 7 days - 6 p.m. to late
  • Lease: Current lease expires August 2028. - C.P.I. increases - 3 month security deposit.
  • Employees: 1 owner, + 1 fulltime chef + 4 casuals
  • Comments: Misc.- 1 - Sundry expenses and GST. - This is rare opportunity to acquire a landmark Upper North Shore restaurant with an enviable reputation and a long history of profitable consistent trading. - The premises are less than 50% utilised so the opportunity exists to turn the business into a significant cash flow by opening during the day as a cafe

Weekly Summary

Weekly Takings
(inc GST)

$9,200

Cost of Goods

$1,930

Gross Profit

$7,270

Rent (ex GST)

$1,410

Wages

$2,000

Telephone

$85

Insurance

$50

Electricity

$230

Gas

$95

Misc1

$140

Total Expenses

$4,010

Estimated Stock (Additional)

$3,000

Net Profit

$3,260

Price

$295,000

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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.