Inner West - Cafe - Restaurant

Business For Sale Canterbury, New South Wales 2193

Business Category Cafe and Coffee Shop Other Retail Restaurant

$398,000 + SAV

Description

Inner West - Cafe - Restaurant

General Description

Cafe serving Italian style cuisine including a refined and tasty breakfast and lunch, pizza, burger - Currently using 30 kgs. of Campos coffee p.w. - Top class presentation which offers an elegant and friendly dining experience- High reviews online - 60 comfortable seats inside and 60 outside - . Full kitchen. - Liquor licensed.

Potential
One separate area can run as restaurant with ready kitchen or can be rented out to save rent.

Features
No competition. - Excellent fit out. - Warm and relaxed atmosphere. - Exclusive lease with the shopping mall with no other cafes allowed in the mall.

Premises
Well presented, warm and inviting cafe with an area of approx. 146 m2 plus 122 m2 outside seating area.

Location
Well located in Inner West shopping mall close to train station and surrounded by residential buildings .

Trading Hours
7 days - Mon. - 6 a.m. - 3 p.m, - Tues. - Sun. - 6 a.m. - 3 p.m. - 5 p.m. - 9 p.m.

Lease
Current 5 + 5 + 5 year lease commerced Feb. 2017 - 3.5 % increases annually - $22,000 bond

Sale Reason
Family reasons

Employees
1 owner (only work 24 hours p.w.) + 2 full timers + 4 part timers + 5 casuals

Comments
The rent includes outgoings, gas and water fee. - Great business in great location without competition. - Rare find. - Great investment opportunity.

BUSINESS INFO


Weekly Takings $20,000
Cost of Goods $5,500
Gross Profit $14,500
Rent $2,418
Outgoings $
Wages $7,000
Telephone $16
Insurance $25
Electricity $520
Gas $
Misc 1 $
Misc 2 $
Total Expenses $9,979
Net Profit $4,521

Price
$398,000

Estimated Stock (additional)
$15000

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LF Investment Partners Admin
  • LF Investment Partners Admin

Bsale ID: 532787

LF Investment Partners
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