Cafe -Restaurant – Bar – Under Management

For Sale

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Business Code: SM1522

$980,000
+ Estimated Stock (SAV) $40000
Key Features: Under full management - Fully licensed with 11 taps installed - The business regularly holds corporate meetings, after-office drinks and large group meetings.
State: NSW
Suburb: Zetland
Location: Situated in City Fringe street front of busy shopping centre with more than 5000 apartments in the area and a lot of new developments under construction around the shop.
Premises: Business has 250 sqm with top fit out. 26 meter wide of shop front and high ceilings.
Price not disclosed

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Health reasons.

Sale Reason

2014

Established

Shopping centre 2 hours free parking with free parking after 6 p.m and 4 hours free street parking.

Parking

6 full timers + 3 part timers + 8 casuals.

Employees

7 days. - Monday to Saturday: 11:30 am till late. Sunday: 11:30 am to 10 pm.

Trading Hours

Current lease expires 27th May 2027 - New 5 year lease is available for approved purchaser. - 5% annual increases. - 3 months Bank guarantee.

Lease

Fully licensed bar / restaurant selling beer, wine and fusion foods with 250 sq.mts. inside with 150 seats plus 72 seat outdoor setting. The business has an excellent setup with good lighting, sound-proof sound system, full functional air-conditioning and heating.

Features

Under full management - Fully licensed with 11 taps installed - The business regularly holds corporate meetings, after-office drinks and large group meetings.

Potential

This business has an opportunity to open for breakfast and add coffee for which there is a strong demand.

Comments

Misc.-1 - $144 software and IT support fee etc. - Misc.-2.- $800 Live Music DJ payment. - Under fully management. Vendor does paper work only. - Don't miss out. Call your broker for an inspection. Staff are not aware. Inspections only through your SBX Broker. - The weekly takings of $55,000 p.w. is true turnover and without GST.

Weekly Summary

Figures exclude GST

Weekly Takings
$55000
Cost of Goods
$18000
Gross Profit
$37000
Rent
$4383
Wages
$15000
Telephone
$13
Insurance
$589
Electricity
$716
Misc 1
$144
Misc 2
$800
Total Expenses
$24957
Estimated Stock
(Additional)
$40000
Equipment
(Included)
$600000
Net Profit
$12043
Price
$980,000
+ Estimated Stock (SAV) $40000
Price
$980,000
+ Estimated Stock (SAV) $40000
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