Internal Ref: M2259
Summary
SBX Code: M2259 - Cafe located in affluent Sydney East area. Run under management. - Huge growth potential for a motivated owner operator to save on high wages and make more income.
Rent
$860 pw
Net Profit
$2,425 pw
Location Details
Corner location on main road in affluent Eastern Suburbs close to railway station.
Potential
Could open 7 days to increase sales. Could open dinner as lease permits trading to 9 p. m. A hand over to a motivated owner operator could save on high wages and make more income. Could expand scale by takeover of upstairs wholesale bakery business.
Hours
6 days - Mon.- Sat. - 630 a.m.- 3 p.m. -Sunday closed.
Lease
5 + 3 + 3 years lease commenced July 2022. - 3% annual increases. - 3 months bond.
Employees
Under management - 5 staff . The vendor opens and closes door.
About the Business
Cafe-Espresso Bar-Takeaway-Under Management - Eastern Suburbs
SBX Code: M2259
Cafe / takeaway serving 20 kgs of premium coffee and flavourful breakfast and brunch meals including eggs benedict, tuna salad, beef burgers, falafel wrap and green curry rice etc. within warm and inviting atmosphere. Full commercial kitchen. 18 seats inside. The business was established at a cost around $250k.
Features
Good location. High quality fitout. Well known by locals. Under management. Long lease. Could do cafe and bakery business together if desired. Great growth potential to expand the business. -Well priced.
Premises
Well presented shop with an area approx. of 80 m2 plus upstairs sub-leased bakery wholesale business with an area of 80 m2.
Comments
Misc.- 1 -waste bill. The current weekly rent is $1260 plus gst. Receives $400 sub-lease rent, so weekly rent shown is $860 p.w. The net profit shown is based on a full time owner operator to save on big wages as currently pays $3600 to staff running the business. Huge potential for a motivated owner operator to reduce high wages and increases trading hours and make more profit. A must to inspect!
SBX Code: M2259
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