Food/Hospitality for sale
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.
Open more hours - Good potential for lunch/cafe trade - An owner operator would save on wages and increase profit.
Excellent corner position - Very good social media and marketing systems - Low rent - Long lease - High profit - Great reviews.
Corner bar with large alfresco seating area, toilets and a casual and inviting vibe and an area of 130 sq. mts.
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.
5 days -- Tues. - Thurs. - 5 p.m. - 11 p.m. - Fri. - Sat. - 5 p.m. - 12 p.m.
Current lease expires Feb. 2018 + 3 + 3 year options - 4% increases. - 4 month bond
1 owner + 4 fulltimers + 6 casuals
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.
Weekly Sales $25400
Rent (ex GST) $1395
Agent SBX Code Number: SF1213 - SBX Business Brokers
- 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