Cafe-Espresso Bar-Takeaway-Under Management
Business Code: M2259
$150,000
Enquire now+ Estimated Stock (SAV) $3,000
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.
Looking for a larger business.
Sale Reason
July 2022
Established
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!
