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Newly Refurbished, Under-Management Cafe in Prime Location - Make Us an Offer!

$270,000

North Sydney, New South Wales

Newly Refurbished, Under-Management Cafe in Prime Location - Make Us an Offer!

Newly refurbished 7-day café in very popular Lower North Shore food and entertainment hub. The business is run fully under-management and would be ideal for an owner-operator looking to step into a well-run café with loads of potential. This business has excellent reviews from customers across multiple review sites. Simply all-day brunch menu as well as popular lunch-menu items such as cheeseburgers and unique desserts menu that has earned them a loyal following with customers.

Turnover
$520,000 pa (Approximate)

Rent
$102,960 pa which includes outgoings

Net Profit
$130,000 p.a. (Approximate, once managers wages are added back)

Key Features
- Fully documented business with everything available from financials to recipes and operating procedures for an easy transition to the new owner.
- Run under management
- Licensing and extended hours for added turnover
- Growing customer base and turnover
- Simple Menu and easy to run business
- Long-term lease in place for new owners added peace of mind

Location Details
Business is situated in a prime North Shore suburb renowned for eating out on

Potential
- Will soon commence evening trade a couple of nights a week to boost turnover
- Newly licensed for alcohol service which is expected to further boost business takings
- Opportunity to tap into the growing delivery app market given the excellent reviews from customers and unique food offering that makes it ideal for online orders

Current Trading Hours
Sunday to Monday 7 am to 3 pm

Lease
Current lease term to March 2020 + 5-year option. CPI% Rental Increases. 3-month bank guarantee.

Employees
1 f/t manager + 2 f/t staff and 3 casuals on rotating roster (available for review to purchasers).

Premises
These premises comes with 68 seats (Including 10 outside)

Contact us today to learn more and to have a look at this fantastic cafe with huge upside and a well-run operation that would perfectly suit a W.I.W.O buyer.

Michael Short
Biz Transfer

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Last updated: 15th November 2018

Summary

Property Type
Business
Contract Type
For Sale
Location
 North Sydney
State
 New South Wales
Price
$270,000
Category
  • Cafe/Coffee Shop
  • Restaurant

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Agency

Business Brokers Network

Business Brokers Network

Contact

Michael Short