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Cafe - Asian Food - Takeaway - Under Management - Restaurant - Cafe - Espresso - Sales $12,200 P.W.- Net $3,360 P.W - 5 Day - Rent Reduced For Sale

Sydney, New South Wales, Australia
Asking Price:
$128,000 (AUD)
Sales Revenue:
$634,400 (AUD)
Cash Flow:
$174,720 (AUD)

Cafe - Foyer - Espresso - Takeaway - Cafe selling 25kgs. of coffee per week. - Coffee machine is at the entrance of the shop - The menu has classic items including full breakfast, salads, sandwiches and wraps as well as Western, Asian and Thai dishes - Full commercial kitchen - Cool room - 30 seats inside - Pre Covid sales were $20,000 p.w. and this cafe has traded well during 2020 - Good records available at a meeting -Very good rent reduction to $1700 p.w. ex gst and this is the current rent negotiated for 6 months till September 2022 and then rent reverts to $3,397p.w. ex gst

Potential
Trade at night - Open Saturday - Do some advertising and marketing - Add a website - Increase social media presence and on line ordering - An owner operator or a couple could increase sales and profit -Over 440 usually employees work above the cafe plus street trade.- Outdoor seating (STA)- Was previously licensed so obtain a license (STA)

Features
Top CBD location with lots of foot traffic - Nothing to spend. - Stunning looking cafe - No outgoings - Under management - Recipes can be provided - Full kitchen and cool room - Was previously licensed - Long stable lease

Premises
Street front cafe with a 12 stories office block upstairs, next to a supermarket and an area of 100 sq. mts. which was fitted out recently with a new custom food display and has a split level area at the back of the shop .

Location
Prominent location in Sydney CBD, close to the tram and train station and surrounded by offices near Wynyard

Trading Hours
5 days - Mon. - Fri. - 7.00 a.m. - 3.30 p.m.

Lease
Current 10 year lease expires Sep 2028 - 4.5% Increases - Currently $67,904 bank guarantee bond. (Long stable lease with 50% rent reduction so current rent is $1,700 ex gst p.w. till sep 2022 )

Employees
1 x full time Manager ( wage shown in net profit) + 3- 4 casuals

Comments

Property Information

Location:

Prominent location in Sydney CBD, close to the tram and train station and surrounded by offices near Wynyard

Business Operation

Expansion Potential:

Trade at night - Open Saturday - Do some advertising and marketing - Add a website - Increase social media presence and on line ordering - An owner operator or a couple could increase sales and profit -Over 440 usually employees work above the cafe plus street trade.- Outdoor seating (STA)- Was previously licensed so obtain a license (STA)

Trading hours:

5 days - Mon. - Fri. - 7.00 a.m. - 3.30 p.m.

Employees:
1 x full time Manager ( wage shown in net profit) + 3- 4 casuals
Years established:
2003

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