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Prime Location 5-Day Cafe near University and Tafe Selling Over 25kg Coffee a Week. $2,725/wk Net.

$159,000

Ultimo, New South Wales

Prime Location 5-Day Cafe near University and Tafe Selling Over 25kg Coffee a Week. $2,725/wk Net.

Asking Price
$159,000 Negotiable - (Finance Options may be available).

Net Profit
$141,700 pa

Rent
$78,000 pa (Outgoings are included in this figure).

Lease
Long lease with 5 + 5 + 5 year options, lease commenced June 2018 - Annual C.P.I.increases - 3 months rental bond.

Location Details
Prime City Fringe location close to 2 universities plus many commercial buildings including a major broadcaster.

Potential
An active & experienced owner operator working full time in the business could easily reduce wages and increase profits. - Could improve this business by offering catering to the local businesses. - could open for Saturday morning Trade. Also the potential to put in place online delivery services for a quick boost in sales.

Hours
5 days - Mon. - Fri. - 630 a.m. - 400 p.m.

Employees
1 owner + 2 full-timers

About the Business
Cafe - Espresso Bar - Takeaway - City Fringe

Features
Great location. - Close to Universities & Tafe as well as commercial offices. - Lots of passing foot traffic. - Very long lease. - Well established. - Regular customer base. - Easy to run.

Premises
This business has an area of approx. 40 sq. mts

Location
Prime City Fringe location close to 2 universities plus many commercial buildings including a major broadcaster.

Trading Hours
5 days - Mon. - Fri. - 630 a.m. - 400 p.m.

Lease
5 + 5 + 5-year lease commenced June 2018 - Annual C.P.I.increases - 3 months rental bond (may need 6 months if inexperienced for first year.

Employees
1 owner + 2 full-timers

Other Information
A high-end Coffee machine is owned by the vendor and included with the sale. The vendor also has a special price arrangement with coffee bean supplier that can be made available to the purchaser. POS receipts, invoices, and trial will be made available for buyers due diligence.

Business Links / Tools

Last updated: 17th March 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 Ultimo
State
 New South Wales
Price
$159,000
Category
  • Cafe/Coffee Shop
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Michael Short