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7 Days Cafe Restaurant In Residential Neighborhood For Sale

Drummoyne, New South Wales, Australia
Asking Price:
$99,000 (AUD)
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$50K - $100K (AUD)

All offers considered. $6,000 weekly sales with low overheads, ideal for a couple operator as a family business.

· Lots of regulars are the nearby residents from the neighborhood
· Closing early at 4 PM, ideal as a family business
· The shop was recently refurbished, which means no additional investment will be required on renovation
· Along with lenient lease terms, rent is low which brings down the fixed cost significantly
· The business is capital-light with growing sales and low overheads which produces excellent cash flow
· A couple-operator will be able to maximize the benefits by running it as a family business

Financials:

Sales: ˜$6,000/wk
Earning: ˜$1,500/wk
Rent: ˜$1,000/wk
Wages: ˜$1,400/wk (excluding owner salary)
Utilities: ˜$160/wk

Property Information

Real Estate:

Lease

Lease Terms:

Expiry in June 2022

Location:

Street-front location close to crossroads, surrounded by houses, schools and churches

Premises Details:

Approx. 60m², 8 tables and 16 seats indoors, 5 tables and 10 seats outdoors; last renovated in June, 2019

Business Operation

Trading hours:

7 days a week, weekdays 7 AM-4 PM, weekends 8 AM-3 PM

Employees:
The owner operator works 5 days a week; 1 barista/all rounder and 1 chef needed per weekday (including the owner operator); an extra all rounder needed on weekends

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