Espresso Bar/Cafe Caringbah | ID: 924

20 days ago

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Summary

UPDATED: Cafe - espresso bar selling 27kg coffee/week; serving light breakfast & lunches. Great rent for the turnover. New fitout valued at $200K. 48 seats. New 7 year lease signed 2020. Turnover $1

Revenue

$10,000 pw

Rent

$1,100 pw

Expenses

$3,015 pw

Net Profit

$4,785 pw

Potential

Great growth potential once new fitout completed as this will include seating for 20.

Lease

New 7 year lease commenced July 14 2020 until July 13 2027, annual increases 5%. Commenced trading in 2010

Reason for Sale

Vendor has another growing business in the CBD and wants to concentrate on this.

About the Business

Cafe - espresso bar selling 27kg coffee/week and serving light breakfast and light lunches. Well known for their coffee. Great rent for the turnover. 48 seats.

Brand new fitout valued at $200K. New 7 year lease signed 2020. Very easy to run.

Only cafe on this level of the shopping centre. Currently paying 10%of turnover as rent with a minimum rent of $50K per year and a maximum of $100K per year; currently trading at $16,000 per week.

Full kitchen plus storage.

Includes Uber Milk Machine which froths the milk valued at $14K. This allows for faster service of coffee.

Great little business, well established, high visibility and very profitable with loyal customers.

If you would like to know more about this business please complete our online confidentiality agreement here:

https://www.abbabusinesssales.com.au/ca-forms/ca-form-924

or visit our Website www.abbabusinesssales.com.au and use the reference #924 to search for the business.

Please note: A stock image has been used and does not reflect the actual business for sale.

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