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Lobby Cafe 5 Days, Parramatta Cbd - Wiwo | Id: 1122 For Sale

New South Wales, Australia
Asking Price:
$198,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This 5-day business is a local icon and is in a prime location within a large prestigious office complex. Close to the ATO, Centrelink, the courts & many corporate and legal offices. 5,000 workers in direct precinct pre-pandemic.

Established and profitable business, resilient through COVID pandemic.

A truly magnificent business overall, priced to sell and will not last long!

* Beautifully modern fit-out with excellent seating for 35+ indoors (over 100sqm ) and 50+ alfresco (over 200 sqm).

* Currently trading 5 days per week from trade 5:30 am to 4 pm.

* Generous 5 x 5 lease term to July 2029.

* Rent $1475 per week exc GST. Includes all outgoings plus 1 car spot. Currently, a rental concession is in place which could be potentially negotiated by the new incumbent.

* Sales $18K p.w. pre COVID with coffee 45 kg p.w . Sales currently $12K p.w.

* Great corporate clientele plus regular accounts with nearby offices.

* Daily menu offerings cater for the busy corporate professional covering breakfast and lunch. The cafe is renowned for the best range of fresh and healthy wraps, toasties, cold cuts, salads, burgers, bacon and egg rolls etc. Full cook kitchen.

* Enormous potential for genuine growth and value add opportunities

* Business could easily be run under management or owner-operated.

* Genuine reason for sale (retirement)

* Regular catering which absolutely can be driven a lot harder.

If you would like to know more about this business please complete our online confidentiality agreement here:

or visit our website ---.-----------------.---.-- and use reference #1122 to search for the business.

Property Code: 1122
Agent: Eddie Spurr

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