St Leonards Cafe/restaurant – Vacant, Fully Fitted, Great Lease, Offers Invited!

Business For Sale St Leonards, New South Wales 2065

Business Category Cafe and Coffee Shop

$59,000 ONO

Description

St Leonards Cafe/restaurant – Vacant, Fully Fitted, Great Lease, Offers Invited!

Calling all chefs, cooks and astute buyers. Pick the gap in the St Leonards food market, create your brand and own it with this fantastic set up with this opportunity to purchase this fully fitted cafe/restaurant for much less than fit-out value.

Perfectly positioned, the business benefits from high local footfall due to its proximity to the new Crows Nest Metro station, St Leonards train station, high density residential developments nearby, the commercial business precinct and Willoughby Road as well the numerous bus stops along the Pacific Highway. On and off-street parking is available.

The business has been successfully operating for nearly three years as either a cafe or a restaurant. Covid curtailed the current operation as the Vendor decided to close for trade but still utilises it as a dark/ghost kitchen. The opportunity nowis for a new vendor to step right in and re-open the doors.

The exterior is modern, clean and well maintained. The interior benefits from an abundance of natural light and stunning fit out. The front of house is fitted with Tasmanian oak furniture, red gum-coloured benches and a large stone countertop. There is seating for around 40 patrons indoors and a maximum of approximately 12 patrons can eat 'alfresco' in comfort.

The open plan kitchen is in full view of the customers and is very spacious with all the latest technologies. All equipment is included in the sale price and has been well maintained.

This is a highly attractive business opportunity and being priced well below fit-out cost. All offers considered! The business premises are ready for trade. A change in name, cuisine (Chinese, Thai, Vietnamese, Indian, Italian, Burgers etc) or operation (cafe, restaurant, bar, dark kitchen/catering) is easily done and at minimal expense. There are some gaps in the St Leonards market for a new offering. The fit out is high end and allows the new owner to commence trading at a fraction of the price to what it would have cost should they be setting up a business from scratch.

The current lease expires in December 2022 with a ten year option to 2032.

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

Lease Info
Two concurrent leases.
The Leases commenced on December 15, 2017 and expires on December 14, 2022.
A further 10 year option is available to December 14, 2032.
Rental increases of 4% annually and at exercise of options
A two month bond is required.

Size of Premises
There is seating for around 40 patrons indoors and a maximum of approximately 12 patrons can eat 'alfresco' in comfort.

The open plan kitchen is in full view of the customers and is very spacious and well equipped.

Opportunity
This is a highly attractive business opportunity and being priced well below fit-out cost. All offers considered! The business premises are ready for trade. A change in name, cuisine (Chinese, Thai, Vietnamese, Indian, Italian, Burgers etc) or operation (cafe, restaurant, bar, dark kitchen/catering) is easily done and at minimal expense. There are some gaps in the St Leonards market for a new offering. The fit out is high end and allows the new owner to commence trading at a fraction of the price to what it would have cost should they be setting up a business from scratch.
Contact Seller

Bsale ID: 577632

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