Cafe - Under Full Management - Lobby - Two Premium Lobby Espresso Bars - Takeaway - Two Lobby Cafe Espresso Bars Brisbane CBD - Under Management - Sales $7500 pw - - F3411

About the business

Cafe - Under Full Management - Lobby - Two Premium Lobby Espresso Bars - Takeaway - Brisbane CBD - Agent SBX Code Number: F3411

Cafe - 2 Premium Lobby Espresso Bars in the same 18 story building currently under full management - Takeaway selling 30 kgs. of coffee p.w, raisin toast and a simple menu consisting of bacon and eggs, poached eggs on toast, chicken burger and chips, chicken schnitzel and chips, cakes, sweets and cold drinks etc. - The building is a core Brisbane CBD high rise property with strong leasing covenants - 60 seats inside - 30 seats outside. Compact upper level espresso bar is included in the same lease serving premium coffee, cakes and snacks was closed on 01.2024). Please do not approach the vendor or staff of the business as the business is run under full management. Please contact the SBX business broker you have been assigned to. Submit all offers. Financial figures are available. Profit shown is for one working owner and one full timer.

Potential
Do a total revamp of the existing menu. Needs an owner operator or husband and wife team. Start social media campaign to customers in the local area. Seek out new catering clients in the Brisbane CBD, Add more healthy food options

Features
Sought after prestigious CBD location. Long lease with very low weekly rent for a 20 level A grade CBD building. Full kitchen facilities with grease trap. Dual entry form both street accesses and main foyer entry. Major anchor tenants including a government and major insurance company.Fully air-conditioned to keep the business cool.

Premises
Beautifully architecturally designed cafes one with full kitchen facilities with indoor and outdoor seating creating a relaxing dining experience with an area of approx, 120 sq.mts.

Location
Hot location in Brisbane CBD and only a 6 minute easy walk to Brisbane Central Train Station and a major bus interchange and dual street access.

Trading Hours
5 days - Monday to Friday 6 a.m to 2 p.m.

Lease
Assignment of the existing lease which expires 31st of March 2029 with a further 5 year option - 3 month bond and subject to landlord approval - prospective purchasers should have cafe and or restaurant experience and own property in Australia.

Employees
Currently run under full management with 2 full timers - wages $3000 pw. Profit shown is for one working owner and one full timer.

Comments
Original installation cost design and fit out was over $400,000. Coffee machines and grinders are owned by coffee suppliers for both cafes. Pre covid the businesses were doing approx. $15,000 p.w to $17,000 p.w. with less tenants in the building . . A 20 storey office building providing approx.18,362 sq. mts. of net lettable area over 18 levels and 84 car spaces. The building was rebuilt in 2017 to an A grade plus standard with a new glass curtain facade. It is one of the most accessible buildings in the Brisbane CBD

Figures
Weekly Sales $7500
Rent (ex GST) $1739
Wages $1600
Profit $1010


Agent SBX Code Number: F3411 - SBX Business Brokers