Cafe - Espresso

Business Code: G1670


Key Features: Well established

State: NSW

Suburb: Cremorne, 2090

Location: Well located in the heart of a suburb in the Lower North Shore near shops, cinemas, residential & commercial.

Description

Cafe - espresso bar selling 25 - 30 kgs. of coffee p.w. - This well established cafe offers a seasonal, very current & comprehensive all day breakfast menu & fresh wholesome lunches. - pastas, burgers, wraps, pre-made sandwiches, salads. - Serving a selection of coffee, teas, milkshakes, house-made fresh juices as well as a range of cakes & pastries. - Seating 22 inside & 35 seats outside courtyard.

Summary

  • Features: Same owner for last 14 years - Simple cafe operation - Easy to run - Well established & consistent turnover - Regular clientel.

  • Potential: Could open longer hours to take advantage of the evening cinemas - Could offer a catering menu for the local businesses - Recently listed on Uber Eats which will grow the business.

  • Premises: This business has an area of 62 sq. mts. inside plus courtyard area on the lease.

  • Trading Hours: 7 days - Mon. - Sat. - 6:00 a.m. - 3:30 p.m. & 7:00 a.m. - 3:30 p.m. on Sundays.

  • Lease: 3 year lease commenced 2015 + 3 + 3 year options - 4% annual C.P.I. increases. - 3 months bond.

  • Employees: 1 owner + 2 fulltimers + 1 casual

  • Comments: Miscell. - 1 - GST paid on BAS. - Turnover has increased - Price has been reduced as owner is motivated to sell.

Weekly Summary

Weekly Takings
(inc GST)

$12,000

Cost of Goods

$3,000

Gross Profit

$9,000

Rent

$1,545

Wages

$3,000

Telephone

$15

Insurance

$50

Electricity

$250

Gas

$46

Misc1

$307

Coffee Kilos P/W

30

Total Expenses

$5,213

Estimated Stock (Additional)

$2,000

Net Profit

$3,787

Price

$179,000

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