Gosford Cafe – Low Rent, Great Location, Under Management

Business For Sale Gosford, New South Wales 2250

Business Category Cafe and Coffee Shop Restaurant

$139,000

Description

Gosford Cafe – Low Rent, Great Location, Under Management

This very well presented Gosford Cafe/Restaurant is positioned within a hospitality precinct in Gosford. A destination for the locals for satisfying their appetites, this cafe/restaurant is perfectly positioned, with excellent passing traffic, easy off-street parking and is located amongst complimentary businesses. This cafe/restaurant is well known in the area and is perfectly set up for a continued successful operation.

Fully licensed with an ambience that draws customers in. Coffee sales are at 18kg+ per week. Current weekly sales are averaging $11.7k per week. A very low rent of approximately $700 per week, with low outgoings and 8 years remaining on the lease make this a desirable business. Ample on-site parking with a dedicated space for the owner.

The cafe/restaurant has a functional kitchen with a grease trap and exhaust system. The dining area has approximately 50 on-premise undercover outdoor courtyard-style seating. The business is operating 7 days a week from 8am to 2pm for breakfast and lunch, with dinner Friday and Saturday from 6pm – 10pm.

The menu serves all day breakfasts, burgers, toasties and salads, accompanied by smoothies, juices and milkshakes. The dinner menu mostly follows on from the day offer (breakfast items excluded), with the addition of share plates and some individual dishes, finished off with desserts. Fully licensed with a good selection of wines, spirits and cocktails made to order.

An attractive business with a loyal following and with the low rent and high turnover, this business is sure to appeal to many. Realistic Vendor.

Established business with further potential, particularly in the functions area in addition to catering requests. An experienced operator will take this business to the next level. Cafe and restaurant operation also has room to grow with extending the operating hours for the Cafe and the number of nights open for the Restaurant. Further sales may be obtained by opening on Public Holidays and during the Christmas Period.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is currently run under management with the following staff:
1 x Full Time Manager
1 x Full Time Cook
1 x Casual Barista/All rounder
4 x Casual All Rounders

Lease Info
The lease commenced on July 1, 2020 and expires on June 30, 2025.
A further 5 year option exists to June 30, 2030.
Market Review at Option period.
CPI or 2.5% increases (whichever is greater).
A three-month bond is required.

Trading Times
Cafe 7 days a week
Monday - Sunday 8am - 2pm

Restaurant Evenings 2 nights a week
Friday And Saturday 6pm - Late
Kitchen Closes at 9pm

Size of Premises
Approximately 43.5 square metres lettable area (7 indoor seats) - Small commercial kitchen with exhaust and grease trap. An additional 56.5 square metres of undercover on-premise courtyard-style seating area (45-50 seats). A storage cage and 1 dedicated car space to Owner. 38 available customer car spaces shared amongst other tenancies.

Opportunity
Established business with further potential, particularly in the functions area in addition to catering requests. An experienced operator will take this business to the next level. Cafe and restaurant operation also has room to grow with extending the operating hours for the Cafe and the number of nights open for the Restaurant. Further sales may be obtained by opening on Public Holidays and during the Christmas Period.

**Weekly**
Turnover (inc GST) $11,713
Rent $692
Wages $2,960
Net Profit​ $1,552
Contact Seller

Bsale ID: 582719

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