Busy Cafe, easy to run, Ultimo

Price: $315,000 Location: Inner West, NSW Ref: 5041948
Agent:
Kenneth Ju
Agent Phone:
Office Phone:
ENQUIRE NOW
More Information
Enquire Now
More Information
Business Headline :
Busy Cafe, easy to run, Ultimo
Price :
$315,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Catering, Alcohol/Liquor
Full Description :

Key features:

  • Well established cafe with constant and stable operation 
  • Consistent takings and highly profitable
  • All financial information avaliable on request
  • Secured long lease with option (5+5), very low rent for huge space and hassle free property management service
  • 170sq m, 2 storeyed with full commercial kitchen with 100 seating capacity (70-inside/30-own balcony)
  • Blue chip location adjacent to renowned Swimming Pool, Museum & Accamdemy without competition
  • Multistory luxury apartments built up and under development around the area
  • Very friendly and loyal local clientelle from the offices and residentials
  • 30kg coffee per week/ 6 days open (Mon-Friday: 7:00 to 3:30 Saturday: 8:00 to 2:00)
  • Easy to run with long time employed loyal staff
  • The owner family have another business and want rest after long time working hard.

Potential:

  • Further growth potential by extended tapas for the evenings with existing liquor license up to 12:00 pm

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5041948#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5041948#enquire-now

Annual Rent : $82,114 - Weekly Rent : $1,579

Annual Turnover : $780,000 - Weekly Turnover : $15,000

Annual Gross Profit : $572,000 - Weekly Gross Profit : $11,000

Annual Ebit : $250,692 - Weekly Ebit : $4,821

Premise : Leased

Lease Commencement : May 2018

Lease End : May 2023

Lease Option: 5 years

Total Floor Area : 170 Square Metres

Total No of Parking : 1

Franchise : No

Approximate Stock Value : $3,000

Year Purchased : 2011

Year Established : 2009

Days Trading : 6

Staff : 2 Full Time - 5 Part Time

Staff Salaries : $208,000

Reason for Sale : Rest and retirement

Business Potential : Growth potential by expanding tapas for the evening

Enquire Now

To enquire about this listing, please fill in the form below.