Corporate Style Lobby Cafe, No Competition, Under Management

Price: $249,000 Location: Northern Suburbs, NSW Ref: 5151888
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Corporate Style Lobby Cafe, No Competition, Under Management
Price :
$249,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Restaurant
Full Description :

This beautiful cafe & bar holds a unique destination location, Macquarie Park. The business benefits from the dynamic of its surroundings, and regulars from the hospital across.

What the business has demonstrated so far is considerable, with plenty of unrealised potentials for a savvy operator to capitalise on in future.

FEATURES/DETAILS:

  • Premium fit-out.
  • Close vicinity to corporate offices, hospital, events facilities, public transport and parklands.
  • Liquor licence.
  • Beautifully furnished with a full commercial kitchen, bar, and outdoor.
  • Lease expires 2029 with a 5-year option to renew.
  • Huge local infrastructure & developments in the works.
  • Only open 5 days a week. Closed on public holidays.
  • Indoor and outdoor – wide open space of 176 sqm.
  • Long secure lease of 15 years in total.
  • Coporate customer – no immediate competition.

In previous years this cafe held Christmas functions for corporate customers in the building that was in excess of $30,000 revenue in one function. Could promote for more corporate functions and catering.

Currently, run under full management. An owner-operator could increase the revenue by saving wages and providing personal services.

Be first to inspect! There is lots of room to improve and save to increase net profit.

This incredible opportunity would suit an owner-operator looking to capitalise on the unique location and enviable features of the business. 

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5151888#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5151888#enquire-now

Annual Rent : $100,825 - Weekly Rent : $1,939

Annual Turnover : $750,000 - Weekly Turnover : $14,423

Annual Gross Profit : $520,000 - Weekly Gross Profit : $10,000

Annual Ebit : $150,000 - Weekly Ebit : $2,885

Premise : Leased

Lease Commencement : Oct 2014

Lease End : Sep 2029

Lease Option: 5 years

Total Floor Area : 176 Square Metres

Franchise : No

Approximate Stock Value : $7,000

Year Purchased : 2014

Year Established : 2014

Days Trading : 5

Staff : 2 Full Time - 4 Casual

Staff Salaries : $195,000

Reason for Sale : Interest elewhere

Location : Macquarie

Business Potential : Corporate Catering, Promotion, update menu

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