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Cafe - Restaurant - Under Management - City Fringe - (Code: FK1046)

Investment share of business

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Price: $200,000






Weekly Takings (inc GST) $26,914
Cost of Goods $7,351
Gross Profit $19,563
Rent $2,721
Wages $9,722
Outgoings $
Telephone $66
Insurance $174
Electricity $488
Gas $122
Misc 1 $1,152
Misc 2 $527
Total Expenses $14,972
Net Profit $4,591
Coffee Kilos P/W 40.0

Estimated Stock

$15,000
(Additional)

Equipment

$80,000
(Included)
All other values
exclude GST
General Description
Cafe selling 40 kgs. coffee p.w. and offering a complete breakfast and lunch menu consisting of everything from smashed avo, potato latkes to authentic Hong Kong favorites such as hokkaido red bean and kimchee. - Fully equipped kitchen with 2 deep fryers, grease trap. - This is an investment opportunity for someone looking to buy into a very popular and well established cafe / restaurant business and who is looking to ideally work in the business as a manager to earn both a salary and to have a profit share in the business. - The share is 38.5% and the expectation is that the purchaser will act as a working owner for an agreed salary in addition to their share of the profit.

Potential
Obtain a liquor licence - Open for dinner at least a couple of nights a week - Expand delivery and catering sales

Features
Very popular cafe with excellent reviews and large social media following. - Excellent stylish fit-out. - Run under management. - High profile location.

Premises
This business has an area of 140 sq. mts. with basement storage on site as well as bathroom and other amenities.

Location
Prime location near the busiest train station in Sydney.

Trading Hours
7 days - Mon. - Fri. - 7 a.m. - 3 p.m. - Sat. - Sun. - 8 a.m. - 3 p.m.

Lease
Current lease expires Dec .2019 + 5 year option. - 5% C.P.I. rent increases - 6 month bank guarantee as bond.

Employees
5 fulltimers + 3 parttimers + 7 casuals on rotating roster.

Comments
Misc.- 1 - General operating expenses - Misc. - 2 - General expenses related to maintenance of premises.- Outgoing included in rental figure- Buyers please note that this is only a partial sale of the business being 38.5%. - The other 2 share holders will remain in the business and will retain the balance of equity. - Inspection and meeting with other partners will be arranged for suitable buyers prior to moving forward with the transaction.

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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXFK1046

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