Cafe – Restaurant

For Sale

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North West Sydney

Business Code: SFG1121

$165,000.00
+ Estimated Stock (SAV) $10000
Key Features: Excellent reputation. Quality clientele. Lovely homely private ambiance. Creative menu offering. Google rating of 4.8. High average dollar spend.
State: NSW
Suburb: Castle Hill
Location: Situated amongst a small group of shops in up market suburb in North West area of Sydney
Premises: Charming, very versatile premises with outdoor courtyard comprising 130 sq m.
Price not disclosed

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Other business.

Sale Reason

Jan 2020

Established

Ample parking on street and nearby parking lots.

Parking

2 part time owners+ 1 full-time chef+ 1 full-time kitchen hand+ 1 part-time chef+ 1 full-time Manager+ part-time barman and casuals.

Employees

6 days. Tuesday to Sunday: 7.00 am to 2.30 pm. Thursday, Friday & Saturday: 5.30 pm to 9.30 pm.

Trading Hours

Current lease expires 30/9/24 + 3 + 3 year options- 2.5% annual review - 6 month bond but no personal guarantee.

Lease

Cafe – Restaurant with a modern mediterranean flavour. This highly regarded hills district eatery perfectly combines being an up-market daytime cafe with being an enticing dinner destination and small function venue. An outstanding google rating of 4.8 underscores its enviable reputation. The low rent structure means that rent is a little under 10% of turnover indicating solid profits for an owner. Importantly the average dollar spend is around $70 throughout the week. Quality up market rotating menus feature for breakfast, lunch, and weekend evening dinner sessions. A cosy ambiance and well stocked bar adorn the intimate dining area and provides a contrast to the outside protected alfresco area. A quality eatery in a lovely area of Sydney with a well-heeled clientele. Fully licensed with 60 seats inside and 20 outside. The facility is well suited to private functions which are encouraged. The business operates as a stylish cafe Tuesday to Sunday and as an evening restaurant Thursday through Saturday nights.

Features

Excellent reputation. Quality clientele. Lovely homely private ambiance. Creative menu offering. Google rating of 4.8. High average dollar spend.

Potential

Develop seasonal specials. Advertise for more functions.

Comments

Rare oppportunity to purchase quality well regarded eatery with strong following and excellent reviews. New owners would be wise to follow existing successful formula. Suitable for single owner or partnership. - Misc.- 1- estimated GST. Misc.- 2 - estimated sundry expenses.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$18000
Cost of Goods
$5400
Gross Profit
$12600
Rent
$1500
Wages
$5500
Telephone
$40
Insurance
$90
Electricity
$230
Misc 1
$290
Misc 2
$500
Total Expenses
$8350
Estimated Stock
(Additional)
$10000
Net Profit
$4250
Price
$165,000.00
+ Estimated Stock (SAV) $10000

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