Coco Cubano Venue for sale in Western Sydney

17 days ago

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Internal Ref: NSW11301

Summary

A fully licensed Latin inspired cafe/restaurant & bar offering an all day food & drink, mouthwatering menu including breakfast, burgers, tapas, salads, cocktails, drinks and the best coffee.

About the Business

New Owners will have the freedom to change the brand or continue with the same brand name and a weekly licence fee. Currently a fully licensed Latin inspired cafe/restaurant & bar offering an all day food & drink,mouthwatering menu including breakfast, burgers, tapas, salads, cocktails, drinks and the best coffee. Vibrant and welcoming atmosphere perfect for any fiesta!Opened in 2012 this is a beloved local favourite and very well established in this busy and happening street in the heart of WesternSydney.

Asking price $448,000 plus SAV

Key Features
• Average weekly turnover approx $26,000 - $28,000 p.w.
• Reasonable rent at $3,150 pw ex gst (plus outgoings)
• Fully equipped kitchen, cool room and storage room
• Fully Licensed and open 7 days
• Long new 10 year lease expires in 2034 for security of tenure
• Size 101m2 - 50 Seats inside and 40 seats outside
• Fully under Management -Would also suit an owner operator for a higher return.
• Fixed weekly License fee (regardless of turnover)
• Renovation spent $100K with new cool room, fridges, paint and new furniture
• Weekly profit approx $6,500 p.w.



The stage 1 light rail should be operational from mid-2024 which will increase foot traffic and revenue.

Surrounded by hotels, other businesses, office workers and residential. Enjoy the benefits of a well-established brand, training, proven systems and ongoing support.

A fantastic prime location with high foot traffic, excellent visibility and a sought after corner position.

This is an opportunity not to be missed and will not last at this price!

Listing ID: NSW11301

Broker Sukhdeep Mangat
Phone:+61 476 958 358
Email:sukhdeep.mangat@linkbusiness.com.au

Broker: Jan Forsyth
Phone: +61 411 510 610
Email:jan.forsyth@linkbusiness.com.au

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

Stock photo images may be used to represent the business on an unidentified basis.

Purchasers are required to make their own enquiries in order to verify the information provided.

Keywords: Sydney, franchise, cafe, cocktails, restaurant, bar, mexican and Licensed

Ref: NSW11194


Ref: NSW11301
Timestamp: 20240705040003

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