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Cafe - Takeaway - Cafe - Takeaway - Urgent Sale - Priced To Sell - Sydney Cbd For Sale

Sydney, New South Wales, Australia
Asking Price:
$99,000 (AUD)
Sales Revenue:
$988,000 (AUD)
Cash Flow:
$334,880 (AUD)

Cafe - takeaway selling 28 kgs. premium coffee p.w., cakes, sandwiches, salads, burgers, pastas and Asian hot food. - It has a large sandwich bar, salad bar and hot food bar. - Full kitchen with store room. - Wide frontage with bi-fold glass doors. - 45 seats outside and 20 seats inside. - The shop has been refurbished in 2016 and at cost $150k.- The figures shown are pre Covid-19. - The sale price has had a massive drop from $580k to $99k now with WIWO condition. - New lease can be available with rent at a 30% discount around $1750/week

Potential
Expand office catering. - Enhance the area marketing. - Promote social media presence. - Update menu and increase the prices as they have been the same for more than 5 years.

Features
Brilliant location. - Long established. - Long 10 years lease with no demolition clause. -Low rent with prime location and shop size. - Stable income for 11 years. - Huge potential after market recovery.

Premises
Well presented shop with an area of approx 100 m2. plus outside seating area.

Location
Top location In Sydney CBD centre next to Town hall station.

Trading Hours
5 days - Mon. - Fri. - 7 a.m.- 4 p.m.

Lease
5 + 5 years lease commenced 1st July, 2018 - 3.75% annual increases. - Rent bond $41,399 includes GST. - New lease and new rent can be negotiable with landlord. Possible 30% rental discount

Employees
2 owners + 5 staff.

Comments

Property Information

Location:

Top location In Sydney CBD centre next to Town hall station.

Business Operation

Expansion Potential:

Expand office catering. - Enhance the area marketing. - Promote social media presence. - Update menu and increase the prices as they have been the same for more than 5 years.

Trading hours:

5 days - Mon. - Fri. - 7 a.m.- 4 p.m.

Employees:
2 owners + 5 staff.

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