Long-standing cafe on the Upper North Shore for urgent sale.
Weekly sales around $20k with a strong track record. Ground level, free parking, adjacent to train line. Loyal clientele. Fully licensed with a commercial kitchen.
Things to consider:
- 2 years remaining on the lease. Likely to be demolished and chance for reestablishment after rebuild.
- Sales proven but financials not supplied.
- Total occupancy cost $3,000 per week (+GST).
Possible scenarios:
1/ Operate for 2 years with a likely new lease if not demolished.
2/ Operate for 2 years and negotiate a new lease after demolition and rebuild.
3/ Operate for 2 years and leave without defit costs.
Under the first two scenarios, the business revaluation will be significantly higher than the purchase price.
Looking to sell for family reasons with the possibility of other high-performance cafes added to the package.
