Cafe - Bar - Takeaway - Cafe - Bar - Foyer - Massive high-rise Sales $30,000 pw - 5 days only - Syd CBD - T3007
Cafe - Bar - Takeaway - Cafe - Bar - Foyer - Massive high-rise Sales $30,000 pw - 5 days only - Syd CBD - T3007
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About the business
Cafe - Bar - Takeaway - Sydney CBD - Agent SBX Code Number: T3007
Cafe / Bar in foyer serving breakfast, lunch and dinner. Full commercial kitchen serving a variety of Italian food, 15 kgs .coffee and great variety of wines, beer and cocktails. 30% of income is through alcohol sales. Brand new fit out with state of the art equipment throughout. Currently adding a further 25 seats in a great position. Situated in growth corridor of the City with many new office towers and residential under construction.
Potential
Enormous potential as opened less than 12 months with business growing and positioned in part of the CBD which is expanding dramatically. Should reach sales of over $50,000 per week.
Features
Stunning location within one of the largest CBD commercial buildings in the growth area of City. Building about to become 90% occupied.
Premises
Approx. 220 sqm, large atrium with New York style fit out, large centre bar with seating around and open kitchen, also separate store room and work area downstairs
Location
Situated in the foyer of brand new very large CBD office tower.90% occupancy and easy access to Pitt street, with 5,000 office workers.
Trading Hours
5 days - Monday to Friday 6.30 am to 10 pm.
Lease
10 year lease from July 2023 with 3.5% increases annually and 3 month bond.
Employees
1 owner + 1 full time chef + 3 kitchen + 2 floor + 3 bar all casuals.
Comments
One of the Citys largest buildings, 55 levels with 2 separate street entrances accommodating 5,500 office workers.
Figures
Weekly Sales $30000
Rent (ex GST) $2596
Wages $10000
Profit $5000
Agent SBX Code Number: T3007 - 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.
View other listings by this business
$550,000 + SAV
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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