Listing status: Inactive
Reason: --
Cafe-Espresso Bar-Takeaway- 3 bedroom residence - Cafe- Rent $438 pw .- Strong coffee sales 40 kgs p.w.-Net $6630 p.w.-City Fringe - M2195
Cafe-Espresso Bar-Takeaway- 3 bedroom residence - Cafe- Rent $438 pw .- Strong coffee sales 40 kgs p.w.-Net $6630 p.w.-City Fringe - M2195
Industry :
--Sub Industry :
About the business
Cafe-Espresso Bar-Takeaway- 3 bedroom residence - City Fringe - Agent SBX Code Number: M2195
Cafe/espresso bar serving 40 kgs of premium coffee per week and offering delicious healthy and tasty breakfast and lunch menu. Full kitchen. 30 seat inside and 20 seats outside.Busy trading days are on weekends, occupies 40% of weekly takings. 3 bedrooms attended.Total weekly rent payable is $996 pw plus gst, upstairs 3 bedrooms subleased by vendor for cash income $650 pw, so current weekly rent payable is $346 plus outgoings $92.00 pw .Full financials available . 2 owners ( working only 4 days per week each ) and short trading hours
Potential
Could extend catering business to surrounding corporate customers . Could add dinner to surrounding residents as Council approved the trading hours to 10 pm. Could add home delivery to increase sales.
Features
Perfect location. Local favourite cafe. Very low rent with long lease. Short days trading hours. 3 bedrooms upstairs can be lived or rented. Strong coffee sales. Stable income and solid profit. Great growth potential. Well priced to sell.
Premises
Modern designed and well presented cafe with an area approx. 145 m2 including commercial kitchen, dining room and storage area plus upstairs 3 bedrooms.
Location
Prime corner location in mixed commercial and residential area close to Technical Park and new Metro station in Inner city suburb.
Trading Hours
7 days - Monday to Friday 7 am to 2 pm. Saturday & Sunday 8 am to 3 pm.
Lease
12 years lease (4 + 4 + 4) commenced April 2020. 3% increases. 3 months bond.
Employees
2 owners ( working only 4 days per week each ) + 1 chef, 1 kitchen hand and 3-4 part time staff
Comments
Total weekly rent is $996, upstairs 3 bedrooms rented for cash income $650, so current weekly rent payable is $346. Outgoings fee is for council rates and water bill. Misc.- 1 - Refers to rubbish bill $87 p.w., bank fee $25 p.w. and other general business expenses. The profit includes 2 owners wages. A rare find good cafe with high takings and cheap rent. Inspection is highly recommended. A daily sales report can be reviewed on meeting.
Figures
Weekly Sales $17500
Rent (ex GST) $346
Wages $4700
Profit $6630
Agent SBX Code Number: M2195 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$270,000
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