Summary
A unique opportunity to acquire a patisserie tea shop, offering 133 sqm at a price well below the cost of its premium fit-out & quality equipment. potential for conversion into a restaurant
Rent
$12,544 pm
Location Details
Macarthur Square Shopping Center
Located within Macarthur Square Shopping Centre, right at the outdoor car park entrance, ensuring high visibility and foot traffic.
Potential
Currently approved for retail sale of specialty fresh cut fruit tea, Wuwu rice milk tea, yoghurt tea, fruit smoothies, soft serve ice cream with Asian flavoured toppings and Asian style pastries and cakes, sponge cream and soufflé desserts, tea, fruit based desserts, coffee. The shop can be converted into a full-function restaurant (subject to approval), ideal for Thai, Chinese, or similar cuisines. With street frontage and the potential to trade late, the opportunity for growth is substantial.
Hours
Approved Trading Hours From Monday to Sunday 9.00AM - 9.00PM
Lease
Current lease expires October 2028. Monthly Rent + Storage + Outgoings = $12,153.77 incl. GST
About the Business
The shop boasts excellent Google Reviews with a 4.3-star rating, showcasing its luxurious fit-out and over $250,000 in high-quality equipment purchased in 2021. With a fit-out valued at $280,000, it is situated in a prime high foot traffic area, making it easy to operate with limited competition. The business is primed for significant growth and attracts a loyal evening crowd.
Premises:
130 sqm with a fantastic fit-out and equipment worth over $500,000 in total. Asking sale price $99,000 + GST
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