Cafe-Espresso Bar-Takeaway-Under Management

For Sale

·
Eastern Suburbs

Business Code: M2259

$150,000
+ Estimated Stock (SAV) $3000
Key Features: Good location. High quality fitout. Well known by locals. Under management. Long lease. Could do cafe and bakery business together if desired. Great growth potential to expand the business. -Well priced.
State: NSW
Suburb: Edgecliff
Location: Corner location on main road in affluent Eastern Suburbs close to railway station.
Premises: Well presented shop with an area approx. of 80 m2 plus upstairs sub-leased bakery wholesale business with an area of 80 m2.
Price not disclosed

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Looking for a larger business.

Sale Reason

July 2022

Established

No parking data

Parking

Under management - 5 staff . The vendor opens and closes door.

Employees

6 days - Monday to Saturday: 6:30 am to 3 pm. Sunday closed.

Trading Hours

5 + 3 + 3 years lease commenced July 2022. - 3% annual increases. - 3 months bond.

Lease

Cafe / takeaway serving 20 kgs of premium coffee and flavourful breakfast and brunch meals including eggs benedict, tuna salad, beef burgers, falafel wrap and green curry rice etc. within warm and inviting atmosphere. Full commercial kitchen. 18 seats inside. The business was established at a cost around $250k.

Features

Good location. High quality fitout. Well known by locals. Under management. Long lease. Could do cafe and bakery business together if desired. Great growth potential to expand the business. -Well priced.

Potential

Could open 7 days to increase sales. Could open dinner as lease permits trading to 9 p. m. A hand over to a motivated owner operator could save on high wages and make more income. Could expand scale by takeover of upstairs wholesale bakery business.

Comments

Misc.- 1 -waste bill. The current weekly rent is $1260 plus gst. Receives $400 sub-lease rent, so weekly rent shown is $860 p.w. The net profit shown is based on a full time owner operator to save on big wages as currently pays $3600 to staff running the business. Huge potential for a motivated owner operator to reduce high wages and increases trading hours and make more profit. A must to inspect!

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$9000
Cost of Goods
$2700
Gross Profit
$6300
Rent
$860
Wages
$2500
Insurance
$97
Electricity
$205
Misc 1
$75
Total Expenses
$3875
Estimated Stock
(Additional)
$3000
Net Profit
$2425
Price
$150,000
+ Estimated Stock (SAV) $3000
Price
$150,000
+ Estimated Stock (SAV) $3000
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