Listing status: Inactive
Reason: --
Cafe - Restaurant - Takeaway - Cafe- Newly renovated- Fully fitted- Low rent- Perfect location- North West area - M2202
Cafe - Restaurant - Takeaway - Cafe- Newly renovated- Fully fitted- Low rent- Perfect location- North West area - M2202
Industry :
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About the business
Cafe - Restaurant - Takeaway - North West - Agent SBX Code Number: M2202
Cafe newly refurbished with new equipment and new folding door and windows - everything is ready to start trading immediately. The owner bought the business in 2021 and traded 6 days p.w. with takings around $15,000 and sold 40 kgs of coffee p.w. In year 2022 the owner entered into a large wholesale catering contract which turned over more than $23,000 a week. Due to this large contract, the owner stopped retail trading (Oct 2022) to focus on the large catering contract due to limited kitchen capacity which could not service the catering and retail business at the same time. Currently the owner has sold the catering business and temporarily has no plan for the retail business due to family issues. The retail business cost around $300k including a lot of new equipment and fit-out. The business is not being sold on figures. The business is being sold on the basis of upfront and renovation expenses plus a good location and good long lease with cheap rent.
Potential
Ideal for a smart and experienced operator to look for a new place and a new venture to cater their own business desire and a great potential capital return. Could apply for liquor licence and also open for dinner.
Features
Perfect location. Spacious and newly renovated. Great looking cafe with indoor and outdoor seats. Low rent with long lease. Everything ready to go. Great potential.
Premises
Brand new renovated and modern designed shop with an area of approx. 150 m2 including a full commercial kitchen, large store room, new restrooms
Location
Prime corner location in North West area shopping village.
Trading Hours
Can open 7 days for breakfast, lunch and dinner.
Lease
15 years (5 + 5 + 5) commenced April 2019. - CPI annual rental increases. - 3 months bond.
Comments
The rent includes gst and outgoings. A fully fitted cafe-restaurant-takeaway in excellent condition. A good investment opportunity. A must to inspect! All interested buyers please contact your brokers to arrange a viewing.
Figures
Weekly Sales $0
Rent (ex GST) $1362
Wages $0
Profit $0
Agent SBX Code Number: M2202 - 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
$175,000
Enquire about this business
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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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