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Restaurant - Korean Cuisine - Netting over $5000 p.w. - Inner West
Internal Ref: M2292
Summary
SBX Code: M2292 - A franchise cafe close to Sydney UTS and TAFE. Asking price $85k includes 10 months rent free until 31 Aug 2027 which save purchaser around $134420 rent payment.
Rent
$3,102 pw
Net Profit
$1,449 pw
Location Details
Prime shopping street location in Inner City close to UTS and TAFE.
Potential
Could open 7 days to boost sales. - Ideal for family business. - A motivated owner operator could easily grow the business.
Hours
5 days - Mon. - Fri. - 7 a.m. - 3 p.m.
Lease
10 years lease commenced 1 March 2023 + 2 terms of 5 years option. Rent reviews 3% annually on 1
Employees
Fully under Management - 3 staff - Total wages $2171.56 p.w.
About the Business
Cafe - Takeaway - Under Management - Inner City
SBX Code: M2292
Cafe serving freshly roasted blended coffee, mocha, smoothies, milkshakes, all day breakfast and lunch including assorted toasts, sandwiches wraps / rolls and burgers etc. Average sale of 25 kgs of premium coffee p.w.. Light cooking only. Open 5 days. Seats 56. Under full management. The figures shown are ex-GST and have removed shop Manager's wage of $1106 p.w and added to one owner operator profit.
- Important Benefit: - The asking price of $85k includes nearly 10 months remaining rent-free benefit to purchaser, the vendor has prepaid 12 months rent from 1st Sept. 2026 until 31st Aug. 2027 which saves the purchaser around $134,000 in rent that is extra to annual profit. Also the business can be sold with franchise name without franchise royalty fee, or the purchaser is free to convert it to any other business such as sushi, Chinese or Thai food etc. if desired.
Features
Good location with spacious lay out. - Well established. - Long lease. -Under management. - Franchise training and ongoing support. - Only trading 5 days with short hours. - Great benefit for 10 months rent free. - Opportunity to change different food business.
Premises
Well presented shop with an area 119 sqm plus four basement lots totalling 50 sqm ( currently uses one car space and three storage spaces ).
Comments
A full time working owner operator within the first year could generate over $200k profit including the rent free benefit. Alternatively, if a purchaser started their own brand business they could enjoy near 10 month rent free period reducing considerable financial stress for the new business. The rent resumes from 1 Sep 2027 under a lease. A rare buying opportunity - A must to inspect. Any reasonable offer will be considered.
SBX Code: M2292
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