For Sale $750,000
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 $750,000

Business Details

Bookshop - Cafe - Wine Bar - Under Management - City Fringe

\nBookshop - Cafe - Wine Bar - Under Management - City Fringe - Agent SBX Code Number: S1855

Iconic bookshop / cafe / wine bar. - One of Sydneys premier 2nd hand bookshops, with busy cafe and wine bar. - Bookshop is considered one of the best in Sydney with a stock of more than 30,000 titles. - The cafe is selling 35 kgs. coffee, is a known coffee specialist and is open for breakfast and lunch. - Wine bar has full tapas menu in the evening and features Australian craft beers and regular live music. - Business is run partly under management. - 50 seats outside- 6 seats inside. -. 54% income is from cafe sales, 20% from bar sales and 24% from book sales.

Potential
Considerable unrealised potential in the bar, which has not been developed fully. - Potential to hold more functions - eg book launches, music, film screenings. - Potential for footpath seating. - Could re-open the coffee school which operated for a number of years until recently.

Features
Best feature is its individuality - an iconic Sydney business in a great location that has been in operation 18 years, with a unique, leafy courtyard cafe that people love to boast of discovering. - Well established and reliable income. - Huge following of regular customers.

Premises
A large bookshop over 2 levels, opening out onto a 50 seat cafe that turns into a wine bar at night. - 1880s Heritage-protected two storey building. with total area of 150 sq. mts.

Location
Situated in popular street, within a 2 minutes walk from major shopping centre and close to university.

Trading Hours
7 days - Mon. & Tues. - 7.30 a.m -7 p.m. -Wed. - Fri. - 7.30 a.m -11 p.m. -Sat. - 8.30 a.m. -11 p.m. -Sun. - 9 a.m. - 7 p.m.

Lease
5 year lease commencing December, 2014. - Current lease Expires in December 2019 and an additional 5 year term is then available. -Option expires in October 2024.- 3 month bank guarantee.

Employees
1 part time owner + 1 fulltime (cafe manager / chef)+ 5 bookshop casuals. + 7 cafe casuals + 3 bar casuals. + 1 music shop casual.

Comments
Great opportunity to buy a business which is a strong performer and has further potential. - Full training provided. - Further information is available through our office. - A great return on your investment - Very positively reviewed across wide range of web sites - Huge foot traffic from local markets that operate every Saturday directly across the road. - Strong systems in place makes for easy transition to new owner. - Low staff turnover and strong staff loyalty.

Figures
Weekly Sales $23541
Rent (ex GST) $1844
Wages $9617
Profit $3791

Agent SBX Code Number: S1855 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Cafe/Coffee Shop
  • 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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