Cafe -takeaway - Espresso -cocktail Bar - Restaurant - Cafe -takeaway - Espresso - Restaurant - Priced To Sell - Cocktail Bar

Business For Sale Chippendale, New South Wales 2008

Business Category Cafe and Coffee Shop

$88,000

Description

Cafe -takeaway - Espresso -cocktail Bar - Restaurant - Cafe -takeaway - Espresso - Restaurant - Priced To Sell - Cocktail Bar

Cafe -Takeaway - Espresso -Cocktail Bar - Restaurant - City Fringe - Agent SBX Code Number: SF1667

Cafe - Espresso Bar - Asian Fusion - Selling approx. 15-18 kgs. coffee & offering a full all day breakfast, pastries, sandwiches, smoothies, juices and lunch menu - Also has new night menu filled with Asian-fusion and innovative food - A fantastic cozy little heritage terrace with a large relaxed outdoor seating area at the rear. - Indoor seating for 15 people plus beautiful alfresco dining for approx. 25 people - Full kitchen & fully licensed selling beer, wine, whisky and cocktails.

Potential
4 nights trade in the evenings will re open in July 2022 - Open more hours and continue to build the night trade - A hands on owner operator could easily reduce wages and increase profits.

Features
Popular and busy laneway location - Good lease. - Low rent. - Full kitchen - Great online reviews for coffee - No electricity or garbage bills as included in the rent - Storage area upstairs - Beautiful alfresco dining with a relaxed and cosy atmosphere - Busy lunch venue as close to university

Premises
This fully renovated heritage terrace has a total area of approx .52 m2 (35 + 17 m2 upstairs storage ) plus outdoor communal seating area

Location
Well located in a popular location among Asian eateries & bars and very close to the universities, movies and shopping centre in the City Fringe

Trading Hours
7 days - Mon. to Fri. - 7.30 a.m. - 3 p.m. and Sat. & Sun. - 8 a.m. - 3 p.m.

Lease
5 year lease expires April 2027- 4% increases - 3 month bond

Employees
1 Manager (wages shown in profit) + 1 full time barista +1 full time kitchen staff + 3- 4 casuals

Comments
Misc .-1 - Other general expenses - Outgoings include garbage collection, electricity & water. - Managers wage of $1000 p.w. has been removed and the figures for this business are being shown as if run by a hands on owner operator. - Night trade will re open for 4 nights in July 2022 with projections to increase sales to $16,000 p.w. - Licensed from 12 noon to 10 p.m. (plus even later STA)

Agent SBX Code Number: SF1667 - Sydney Business Exchange
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SBX Business Brokers

Bsale ID: 583240
Broker REF: SF1667

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