Location:
Paddington 2021 > Sydney - Greater > New South Wales
Investment level:
$149,000
Type:
Business
Industry:
Food & Drink > Coffee, Cafes & Restaurants
Great opportunity to acquire a well-presented cafe in a high-visibility retail strip on Sydney's outskirts. Strong passing trade, surrounded by local businesses and attractions, wi...
Great opportunity to acquire a well-presented cafe in a high-visibility retail strip on Sydney's outskirts. Strong passing trade, surrounded by local businesses and attractions, with steady repeat customers.
Highlights
Prime street frontage with strong foot and car traffic & easy parking
Easy-to-run menu in a clean, efficient setup
Mon-Fri 6:30 AM - 3:00 PM; sat 7:30-3:00PM. A potential to extend Sunday and PH trading
Secure lease with 10+ years including options
Low rent in the area + 2 car spaces & storage
Indoor & covered outdoor seating, expansion potential (STCA)
Surrounded by hospital, university, public transport & 2 new hotel
Fully equipped light kitchen - walk in and trade immediately
Opportunity
Whether you're looking to be hands-on or invest in a turnkey operation, this cafe offers strong foundations and immediate income potential.
Don't miss out - opportunities in this location are rare!
Current Trading Snapshot
* Serving approx. 12-15 kilos coffee per week
* Trading Mon- Fri 630am to 3pm. Sat 730am -3pm.
Weekly Summary (approx., incl. GST unless stated otherwise)
(ref P& L report )
* Takings: $6000
* Cost of Goods: $1800
* Rent: $891
* Outgoings: included in above rent.
* Staff wages: $1221
* Owner wages: $750
* Insurance: $60
* Electricity: $115
* Gas: Nil
* Marketing: Nil
* Telephone/Internet: $30
* Rubbish removal: $15
* Subscriptions: $30
* Accounting/Bank fees: $60
* Pest control $10
* Cleaning $Nil
* Miscellaneous: retail coffee & milk& fruit & candle & clay cups- ref on record of sales
Net Profit (approx.)
* Under management: $1028
* Owner operated: $1778
Lease
* Lease period lease till 2028.
* Options: yes. 5 years plus 5 years
* Increases: 4% pa
Disclaimer
The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity and the agent/broker does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.
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