For Sale $288,000
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 $288,000

Business Details

Cafe - Bar - Under Management - City Fringe

\nCafe - Bar - Under Management - City Fringe - Agent SBX Code Number: SF1239S

Cafe- bar selling 30 kgs. coffee and does a full breakfast. - Opens for breakfast and lunch. - At night the space transforms and has an excellent tapas menu and features an extensive wine and cocktail list, Australian craft beers and regular live music. - Lite cooking only with cool room - 50 seats outside- 6 seats inside - Would suit an experienced operator

Potential
Huge potential in the bar, which has not been developed fully - Could hold functions in the cafe - eg book launches, music, film screenings. - Could add footpath seating(STA). - Open more nights - DA approval till midnight.

Features
Unique venue - The cafe/bar is set in a beautiful leafy courtyard and shares the building with an iconic bookshop - Well established and reliable income - Strong following of loyal customers - Under management - Long sub lease and very good rent - Good systems in place.

Premises
Two storey character heritage building with cafe that turns into a bar at night with an area of 120 sq. mts.120 sq. mtr.

Location
Situated inside bookshop in popular street minutes walk from major shopping centre and close to university and CBD in City Fringe

Trading Hours
7 days and 4 nights - Mon. - Sun. - 8.30 a.m. - 6 p.m. - Wed. - Sat. - 6 p.m. - Midnight

Lease
Current lease expires Dec. 2020 + 5 year option (sub lease) - C.P.I. increases - 3 month bank guarantee

Employees
2 Managers + 4 part timers + 6 -8 casuals as required

Comments
Miscell. 1 - All other general expenses. - A new 3 group Mirage coffee machine and grinder worth $12-$15K is fully owned and included. - Great opportunity to buy a business which is a strong performer and has further potential. - Cafe is a sub-lease of the bookshop which is not included in the sale. Huge foot traffic from local markets that operate every Saturday directly across the road. Could re-open the coffee school which operated for a number of years until recently. - Website is not included however it will continue to advertise the cafe and can be discussed further with the vendor.- The two managers wages of $2000p.w. ( $1000 each per week) has been removed and shown in net profit. A motivated new owner or couple could save on wages and increase profit. - Meetings only through your broker and please be discreet when visiting this business. This cafe is located inside a popular bookshop (the bookshop is not part of the sale)

Figures
Weekly Sales $17050
Rent (ex GST) $1100
Wages $4900
Profit $3685

Agent SBX Code Number: SF1239S - 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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