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Already Established Cafe/bar On Central Coast For Sale

East Gosford, New South Wales, Australia
Asking Price:
$85,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$442,000 (AUD)
Cash Flow:
Undisclosed

Well located Cafe/Bar in premium Business/Commercial location in East Gosford seating approx. 50 in and out with covered alfresco.

Currently trading short hours 7.30am to 2.30pm as a Cafe only as current owner is time poor due to other business commitments.

Hours could be expanded to trade prime nights Thu, Fri & Sat etc as a Bar/ Tapas etc with a Drink Only late-night Bar trade License in place.

Turnover approx. $8,500 per week (Cafe only) Reasonable rent $3,850 PCM including outgoings (+ GST). Current lease in place 1 year plus 5-year option.

Busy main road position with huge exposure, plenty of off-street parking at rear.

Excellent social media, great reviews. Website also in place.

Huge potential for savvy purchaser, couple or partners with available time and commitment with this already established business & take it to the next level.

Express sale - $85,000 plus SAV (approx. $2k)

Property Information

Real Estate:

Lease

Lease Terms:

1 year plus 5 year option

Leasehold Rent:

$40,800 (AUD) per annum

Location:

Prime Commercial/Residential in East Gosford

Premises Details:

80m2

Business Operation

Expansion Potential:

Huge potential for savvy purchaser, couple or partners with available time and commitment with this already established business & take it to the next level.

Reasons for selling:

Current owner is time poor due to other business commitments.

Trading hours:

Wednesday to Sunday 7am to 2.30pm

Employees:
Owner plus 1 staff
Years established:
1 year

Other Information

Furniture / Fixtures value:
$60,000 (AUD) - included in the asking price
Inventory / Stock value:
$2,000 (AUD)