Cafe Restaurant

Business Sold Hornsby, New South Wales 2077

Business Category Cafe and Coffee Shop Restaurant

SOLD

Description

Cafe Restaurant

CAFÉ/RESTAURANT IN BUSY SUBURBAN SHOPPING PRECINCT ON UPPER NORTH SHORE
This is a terrific suburban café and restaurant. It is only 3 years old and very well-designed for the professional operator; it is fashionably comfortable from the customer’s perspective with plenty of good parking, easy access and an appealing menu.
The café has a large and extremely well equipped kitchen – which could allow for additional catering activity. It has simple controls and procedures and a new operator could commence business immediately (with nothing to spend). This is a wonderful opportunity for a professional to fill the void created when some local highly respected restaurants closed. It is well located – near the local Rail Station and a short walk from a Public car-park – enjoys good visibility and signage with great passing foot and car traffic in an extremely high income demographic and desirable suburb.
Lease: Commenced September 2013 with 4 x 3 year options; CPI increases; Rent: $100,000 + GST
Seats: 110 - 80 inside with an additional 30 guests outside.
Licensed: 10.00 am to 10.30 pm.
Operating hours: Currently closed Sunday and Monday- potential opportunity
This is a very profitable business and a due diligence will confirm profit of $220,000 to the owner.

FINANCIAL SUMMARY:
Sales: $1.2 Million per annum
Gross Margin: 70%
EBIT: $220,000 to owner/operator
ASKING PRICE: $295,000 + SAV
For more information please contact:
Roy Levy on XXXXXXXXXX or email to XXXXXXXXXX
Web: XXXXXXXXXX
Contact Seller

Bsale ID: 535383
Broker REF: 2207193

Core Business Brokers

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