Restaurant – Cafe – Takeaway – Italian Cuisine

For Sale

·
South Sydney

Business Code: SF1584

$348,000.00
+ Estimated Stock (SAV) $8000
Key Features: Great location - Well established - Local favourite - Full stainless steel kitchen fit out - Low rent - Wide footpath and good alfresco seating area - In a shopping village
State: NSW
Suburb: Gymea
Location: Situated in a busy shopping village strip with cafes, retail, restaurants and close to the train station on a busy main road in the South of Sydney
Premises: Single storey cafe on shopping strip with alfresco dining and wide street pavement, plenty of parking and an area of 209 m2
Price not disclosed

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Family reasons

Sale Reason

2005

Established

2 parking spaces

Parking

2 owners (Wages shown in profit) + 1 apprentice + 1 part time +. 4-6 casuals

Employees

5 days - Tues. - Thurs. - 6 p.m. - 10 p.m and Fri. & Sat. - 6 p.m. - 11 p.m. -Lunch Fri, Sat and Sun 8 am - 3 pm

Trading Hours

Current lease expires Sept. 2022 + 5 + 3 year option - CPI yearly increases - 3 month bond

Lease

Cafe – Restaurant – Takeaway and currently serving fresh Italian food including pastas, salads, seafood, steaks, desserts, cold drinks and coffee. – Fully licensed with an on premise license – Fully equipped and modern kitchen – 60 seats inside and 40 alfresco seats outside – New renovation with coffee area completed and the business now open for day trade as well from February 2022 – Equipment list available

Features

Great location - Well established - Local favourite - Full stainless steel kitchen fit out - Low rent - Wide footpath and good alfresco seating area - In a shopping village

Potential

Could open more hours - Vendor has already started to build up the coffee and takeaway side of the business - Increase social media presence - Suit any cuisine.

Comments

Misc.- 1 - Other general expenses and GST.- The coffee machine is owned by the vendor - First time on the market in 10 years. Vendor has already started to build up the coffee and takeaway side of the business -

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$18500
Cost of Goods
$5300
Gross Profit
$13200
Rent
$932
Wages
$3500
Telephone
$20
Insurance
$173
Electricity
$250
Misc 1
$1100
Total Expenses
$6167
Estimated Stock
(Additional)
$8000
Net Profit
$7033
Price
$348,000.00
+ Estimated Stock (SAV) $8000
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