Beautiful Cafe in Prime Position, Parramatta, Sydney

Price: $248,000 Location: Parramatta, NSW Ref: 4425958
Agent:
Eddie Spurr
Agent Phone:
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Business Headline :
Beautiful Cafe in Prime Position, Parramatta, Sydney
Price :
$248,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Catering, Restaurant
Full Description :

Boutique Cafe, excellent position in Parramatta. Close to City Square, the Courts and the Eat St precinct.

Key Features

  • Great combination of indoor seats and covered alfresco seats on the busy strip (seats 50).
  • Shop is exposed to high volume foot traffic.
  • Serves Modern Australian Breakfast and Lunch.
  • Creative menu with great coffee volume – approx 32Kg coffee/hot choc per week.
  • Trading day – 6:30am to 4pm Monday to Friday, 7:30am to 4pm on weekends.
  • Highly popular with locals and staff from nearby businesses.
  • Lease term to Feb 2022.
  • Appealing fit-out and ambience. Modern with rustic elements.
  • Strong reputation and brand attained from owner’s passion, skill and commitment to good quality food.

Potential

  • Potential to build on the current list of existing catering clients using existing reputation.
  • Increase daily trading hours.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4425958#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4425958#enquire-now

Annual Rent : $88,400 - Weekly Rent : $1,700

Annual Turnover : $650,000 - Weekly Turnover : $12,500

Annual Gross Profit : $463,000 - Weekly Gross Profit : $8,904

Annual Ebit : $189,000 - Weekly Ebit : $3,635

Premise : Leased

Lease Commencement : Feb 2016

Lease End : Feb 2022

Total Land Area : 108 Square Metres

Total Floor Area : 108 Square Metres

Franchise : No

Approximate Stock Value : $3,000

Year Purchased : 2016

Year Established : 2016

Days Trading : 7

Staff : 3 Full Time - 2 Part Time

Staff Salaries : $151,000

Reason for Sale : Other commitments

Location : Parramatta CBD

Business Potential : Increase catering, trade longer hours

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