Local Renowned Takeaway Coffee For Sale - Northern Beaches

Business For Sale Sydney, New South Wales 2000

Business Category Cafe and Coffee Shop

$250,000 + SAV

Description

Local Renowned Takeaway Coffee For Sale - Northern Beaches

*Location*

The shop is only 1 block from the beach and is located on a very heavy through road in the area. Away from the "expensive retail" rental area, the business attracts locals as well as the tourist trade. The area has permanent and transient residents.

*Potential*

The owner has been granted verbal approval from the local council that he can expand the opening times so that he can cater for the early morning coffee drinkers and breakfast customers.
The opportunity to build on the existing customer base can Not be under estimated. The location of the business has thousands of passing traffic numbers every day.
The new owner could cater to the “coffee” crowd for the many early risers in the area.

*Training*

The owner is willing to train any new owner on all the necessary skills required to run the business.

*Trading Hours*

7 days
9.30am to 8.30pm

*Lease*

Current lease ends in September and then a 5 x 5 option is available

*Employees*

The owner is Full time
8 casual employees working on a roster system

*Reason For Sale*

The owner has bought other businesses and is looking to move to a different sector of the food retail business.

*About The Business*

The business has been located at the same address for over 20 years and is very well known by the locals and tourists alike. The business specialises in Takeaway Burgers, Seafood, Fish & Chips, Soft Tortilla Tacos, Milkshakes, Fresh Juices, Smoothies & Frappes. The business is only 1 block from the beach.

Combining the location and the newly refurbished shop, the business owner has created a whole new loyal customer base. The business has become an institution for locals to grab their fish and chips and head down to the beach for either Lunch or Dinner.

Key Points
• Location, Location, Location. With the business situated only a block from the beach but also on one of the suburbs busiest thoroughfare.
• The business has recently been upgraded with a new fitout and signage
• Ability to extend opening hours has been approved
• Long term suppliers.
• Cheap rent compared to other hospitality businesses in the area
• Strong reputation of quality food

Plant & Equipment
Summary
1 x 6 Gas burner Cook top
1 x Deep firer
1 x Cool Room
1 x Coffee Machine
1 x Drinks Fridge
All tools and other equipment used in store are included in the sale
Recent fit-out worth close to $100,000

*Years Established*

The business has been in the same location for 20 years, with the current owner being present for the last 5 years.
It was known as a seafood takeaway business but has since expanded its menu.

*Financials*

Period (Per Year)

Revenue $545,707

Rent $35,412

Expenses $413,835

Net Profit $96,460
Contact Seller
Jeremy O'Gorman

Bsale ID: 532002

Transworld Business Advisors Manly
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