For Sale $578,000
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 $578,000

Business Details

Bar - Restaurant - Cafe - Under Management - City Fringe

\nBar - Restaurant - Cafe - Under Management - City Fringe - Agent SBX Code Number: SF1213

Restaurant - bar - cafe serving light meals, pasta, risotto, salads, cheese plates and desserts. - Currently 60% food and 40% drinks. - Fully licensed with beer on tap as well as a selection of wine and cocktails. - Full kitchen with cool room - Seats 45 inside and 20 outside.

Potential
Open more hours - Good potential for lunch/cafe trade - An owner operator would save on wages and increase profit.

Features
Excellent corner position - Very good social media and marketing systems - Low rent - Long lease - High profit - Great reviews.

Premises
Corner bar with large alfresco seating area, toilets and a casual and inviting vibe and an area of 130 sq. mts.

Location
Situated on a busy main street in a well known strip of a densely populated area and surrounded by residential and commercial in City Fringe.

Trading Hours
5 days -- Tues. - Thurs. - 5 p.m. - 11 p.m. - Fri. - Sat. - 5 p.m. - 12 p.m.

Lease
Current lease expires Feb. 2018 + 3 + 3 year options - 4% increases. - 4 month bond

Employees
1 owner + 4 fulltimers + 6 casuals

Comments
Miscell. 1 - Other operating expenses. - Miscell. 2 - Outdoor seating and GST - Currently run under management and the managers wage has been shown in profit.- Excellent systems and training in place and good records kept by owner. - A must to inspect but please be discreet.

Figures
Weekly Sales $25400
Rent (ex GST) $1395
Wages $7500
Profit $6033

Agent SBX Code Number: SF1213 - 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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Enquire

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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