For Sale $358,000
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 $358,000

Business Details

Bar - Foyer Cafe - Restaurant - Sydney CBD

\nBar - Foyer Cafe - Restaurant - Sydney CBD - Agent SBX Code Number: SF1383

Cafe - Bar - Restaurant - Functions serving great quality breakfast, lunch and dinner - Monday to Friday only - Currently selling 12 - 15 kgs. coffee p.w. - Serving Modern Australian menu including burgers, pastas, salads, calamari, seafood, steaks and share plates - Full Kitchen with a walk-in cool room and walk-in freezer. - 88 seats

Potential
Could trade weekends - Expand on functions especially over the weekend - Increase coffee side of the business - Two owners or a couple could save on wages and increase sales and profit.

Features
Excellent location - Top quality fit out - Long secure lease - Very well established - 5 days only - PSA Liquor License - Great reviews

Premises
Foyer entrance and below a large office block with a large bar, both dining / bar areas and an area of 160 sq. mtrs.

Location
Amazing corner location in the centre of the busy CBD and surrounded by laneways and other popular venues -

Trading Hours
5 days - Mon. to Fri. - 7 a.m. to 11 p.m

Lease
Current lease expires April, 2023 - 4% annual increases - 4 month bond

Employees
1 Owner + 1 fulltime barista + 3 chefs + 1 kitchen hand + 3 casuals

Comments
Misc.- 1 - Other general expenses and gst - Misc. - 2 - Mineral water machine on lease - PSA Liquor License - which means people can drink on the premises without eating food. - Hotel next door brings in lots of business. - Original fit out cost was over $500,000. - Coffee machine and grinder are owned by the coffee company - An optional car space is available at $192 (ex gst) per week -This is a fantastic opportunity for a Chef / Front of house operator team. - Over $50k in private functions and Christmas parties already booked for the remainder of the 2017 year - Please contact your broker for more details -- Suitable for experienced operators

Figures
Weekly Sales $23100
Rent (ex GST) $3737
Wages $5500
Profit $5292

Agent SBX Code Number: SF1383 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Cafe/Coffee Shop
  • Expenses: $11308
  • Business Selling Price: $358000
  • Trading Hours: 5 days - Mon. to Fri. - 7 a.m. to 11 p.m
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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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