Cafe – Coffee Shop – Restaurant – Under Management.

For Sale

·
Upper North Shore

Business Code: CB1525

$190,000
+ Estimated Stock (SAV) $10000
Key Features: Great location - Very strong local support - Noted for the high quality of staff service - Excellent ratings - Nicely balanced well-priced new menu catering to all tastes.
State: NSW
Suburb: North Turramurra
Location: Prime location situated on busy main road in a popular shopping strip, with great village atmosphere, on the Upper North Shore.
Premises: Two level premises with a welcoming, vibrant atmosphere and a unique balcony featuring a retractable roof with an area of 124 sq.mts.

Concentrate on corporate career.

Sale Reason

2019

Established

Street parking

Parking

Manager - Chef - 1 part timer - 4 casuals.

Employees

6 days - Tuesday to Sunday: 7.30 am. to 2.30 pm. Friday & Saturday: 7.30 am to 10.00 pm. Closed Mon.

Trading Hours

5 year lease commenced March 2024 + 5 years option - CPI increases - Bond 3 month bank guarantee.

Lease

Cafe / coffee shop, restaurant and bar, under Management and well located in popular shopping village, providing a delightful dining experience. The menu revolves around proven popular choices, with all day breakfast, and includes a wide range of egg dishes with many optional add-ons. Lunch menu includes tasty dishes such as Korean Bulgogi beef, sandwiches, salads, pasta dishes, fish and chips, and delicious burgers. The new dinner menu is exciting, and presents an eclectic range of entrees, mains and desserts at very reasonable prices. A full range of beverages are stocked, with coffee sales exceeding 20 kg/week. Complementing the meals, patrons have access to a well-stocked bar, with a wide choice of wines, beers, spirits and cocktails available. The premises have recently had all cutlery replaced, gas hot water upgraded and dishwasher replaced. Kitchen is well-equipped and maintained, with walk-in cool room. – seating for up to 60 people

Features

Great location - Very strong local support - Noted for the high quality of staff service - Excellent ratings - Nicely balanced well-priced new menu catering to all tastes.

Potential

Ideal for owner/operator or family - Just re-opened for Friday / Saturday nights, with figures not yet included in financials.

Comments

Misc.- 1- General expenses - Managers wage added back to reflect buyer owner/operator - Coffee machine remains the property of supplier - Dog friendly - A wonderful opportunity for the astute buyer to purchase a well established profitable business.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$13800
Cost of Goods
$3250
Gross Profit
$10550
Rent
$1080
Wages
$4200
Telephone
$20
Insurance
$30
Electricity
$230
Misc 1
$250
Total Expenses
$5960
Estimated Stock
(Additional)
$10000
Equipment
(Included)
$100000
Net Profit
$4590
Price
$190,000
+ Estimated Stock (SAV) $10000
Price
$190,000
+ Estimated Stock (SAV) $10000
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