Busy Local Cafe. Collaroy. Northern Beaches, Sydney.

Price: $389,000 Location: Northern Beaches, NSW Ref: 4797210
Agent:
Eddie Spurr
Agent Phone:
Office Phone:
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Business Headline :
Busy Local Cafe. Collaroy. Northern Beaches, Sydney.
Price :
$389,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Restaurant
Full Description :

A rare opportunity exists to acquire a very profitable cafe, perfectly positioned across from the beach.

Serving breakfast, brunch & lunch, this busy café is extremely popular with residents and professionals of the local community. 

Modest rent with an amazing lease secured – 8.5 years remaining until June 2027 plus another 10 yr. option.

Key Features include:

  • Superb location, great exposure to foot traffic and easy access for cars to park on the main road, side streets or in the abundant beach side car park.
  • Cafe has excellent seating for 70, including 20 outside in prime position on the lively Collaroy strip.
  • Modern, streamlined recent fit-out covering 90 square metres of space. 
  • Fit-out designed by industry-leaders in the F&B industry featuring fully equipped modern kitchen, walk in cool room, appealing refrigerated glass display cabinetry etc
  • Business set up by very skilled, experienced and reputable operators with commitment and passion for good quality food.
  • Current trading hours 5am to 3pm, 7 days.
  • Approx. 48kg coffee/hot choc sold per week.
  • Simple, profitable menu for both eat in plus grab & go with organic, vegetarian and eco friendly options. Features burgers, fresh salads, wraps, sandwiches, great coffee, smoothie bowls / acai bowls etc
  • Includes 2 car spots for the owner.
  • Long lease with very low rent @ AUD $69K per annum (equates to 8% of sales)
  • Full accountant prepared financials are available.

Potential:

  • Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses and developments.
  • The functional kitchen could easily support a variation in the current menu based on owner’s creative ambitions.
  • Increase daily trading hours to capture night-time dinner sales.
  • Apply for liquor licence to expand beverage offering and further increase sales.
  • Opportunity for savvy marketer to ramp up promotions to increase trade e.g. local advertising, brochure drops, loyalty incentives for office staff working nearby & work with the local community.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4797210#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4797210#enquire-now

Annual Rent : $69,600 - Weekly Rent : $1,338

Annual Turnover : $858,000 - Weekly Turnover : $16,500

Annual Gross Profit : $622,000 - Weekly Gross Profit : $11,962

Annual Ebit : $350,000 - Weekly Ebit : $6,731

Premise : Leased

Lease Commencement : Jul 2017

Lease End : Jun 2027

Lease Option: 10 years

Current Outgoings pa: $12,000

Total Land Area : 90 Square Metres

Total Floor Area : 90 Square Metres

Total No of Parking : 2

Franchise : No

Approximate Stock Value : $10,000

Year Purchased : 2001

Year Established : 2001

Days Trading : 7

Staff : 1 Full Time - 6 Casual

Staff Salaries : $230,000

Reason for Sale : New Opportunity

Location : Collaroy

Business Potential : • Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses and developments. • The functional kitchen could easily support a variation in the current menu based on owner’s creative ambitions. • Increase daily trading hours to capture night-time dinner sales. • Apply for liquor licence to expand beverage offering and further increase sales. • Opportunity for savvy marketer to ramp up promotions to increase trade e.g. local advertising, brochure drops, loyalty incentives for office staff working nearby & work with the local community.

Parking Comments : 2 cars - Park on the main road, side streets or in the abundant beach side car park.

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