City Fringe-famous Cafe-business For Sale - Takeaway- Easy Running - Low Rent

Location:
Prime position on street corner frontage in City Fringe.

Description:
This Cafe shop has been open for 20 years - 4.5-star reviews on google map - fresh juice - currently serving 12 - 15 kgs. coffee per week - Also sells all day breakfast, sandwiches and Burgers - Full kitchen - 18 seats inside - 20 seats outside - A simple business to run

Trading Hours:
Mon - Fri 6:00am - 3:00pm Sat 6:00am - 2:00pm

Lease:
Current lease expires May 2023 , plus 5 years option, 2.5% annual increase, 3 months bond

Employees:
One owner + 3 full timer

Sale Reason: Retirement

Comments: The coffee machine is owned by the coffee company. - Inspections by appointment only

Weekly Summary:
Weekly Takings $13,000
Cost of Goods $3,900
Gross Profit $10,000
Rent(ex. GST) $1,369
Outgoings $23
Wages $2,800
Others $570
Stock $3,500-4,000
Net Profit $4,338

Price:
$199,000