For Sale $548,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $548,000

Business Details

Cafe - Bar - Takeaway - Catering - Sydney CBD

\nCafe - Bar - Takeaway - Catering - Sydney CBD - Agent SBX Code Number: SF1250

Cafe - bar - takeaway - catering selling fresh and locally sourced meals. - Breakfast, lunch, daily specials, pastries, muffins, sandwiches, burgers, salads, and cold drinks. - Also selling 25 - 30 kg coffee per week - Well designed kitchen with walk in cool room, combi oven, large exhaust and full kitchen facilities - On premise license - 47 seats inside.

Potential
Outdoor seating (STA) - Many opportunities to expand catering - Open in the evening - Open longer hours

Features
Long lease - Excellent position - Full length windowed corner location with excellent exposure - Good social media presence - Excellent systems in place.

Premises
Cafe with a brilliant industrial / modern fit out, open kitchen, high ceilings, separate storage area and share toilet and area of 88 sq. mts.

Location
Very busy corner on 3 main streets close to major train station, 4 hotels, gym and in a developing area of the city.

Trading Hours
7 days - Mon. - Fri. - 6.30 a.m. - 3 p.m.- Fri. - Sat .- 7 a.m. - 2 p.m.

Lease
Current lease expires Nov 2024, - 4% increases - 3 months bond

Employees
2 owners + 2 fulltimers + 5-6 casuals

Comments
Misc 1 - GST Misc 2 - Other general expenses. -3 group coffee machine and 2 grinders are owned by the coffee company. This business has only been open since Feb 2015 and is still growing. - Set up costs are well over $200K. Two entrances each on different streets. - There is a lot of nearby development including a 17 storey hotel and large residential complex.- A contract is in place to provide breakfast to the upstairs hotel which brings in around $3,000 per week(Included in weekly sales) - The current lease allows trade 7 days, 6 am till 10 pm. - Good records are available after a meeting - A must to inspect but please be discreet. - 2 owners wages have been removed & shown in nett profit.

Figures
Weekly Sales $24100
Rent (ex GST) $1980
Wages $6200
Profit $6600

Agent SBX Code Number: SF1250 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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