PRICE SLASHED CAFE – N Beach, Long lease, Well Estab. WIWO
PRICE SLASHED! WIWO
Owner has no interests in the business anymore
Be the first to inspect! and make an OFFER!
The owner needs to go!
Iconic Beachfront Cafe / Restaurant
Well established for 20 years
9.5 years lease remaining
This cafe/restaurant has been in the area for almost 20 years and has been the most popular place.
Well known area and well known branded name. Currently running under semi-management style.
Full potential for investors to run under management or experienced operator to step up to the next level by making upgrades.
Opens for breakfast/lunch/dinner.
- Local icon
- Favourite place for locals & visitors
- Long lease of 9.5 years left
- Full commercial kitchen to serve any types of cuisine
- Fully licensed
- Prime location with beachfront in Northern Beaches
- 40 seatings outside & 50 seatings inside
- Increase marketing on social media to attract more customers
- Change of current menu to attract attention
- Owner operates to save wages and increase customer service level
Start making money from day 1 or increase profit by taking it to the next level.
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4842963#enquire-nowTo receive further information please complete the below registration: https://www.abbagroup.com.au?p=4842963#enquire-now
Annual Rent : $275,000 - Weekly Rent : $5,288
Annual Turnover : $1,352,000 - Weekly Turnover : $26,000
Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed
Annual Ebit : $122,876 - Weekly Ebit : $2,363
Premise : Leased
Lease Commencement : Oct 2018
Lease End : Oct 2023
Lease Option: 5 years
Total Floor Area : 200 Square Metres
Franchise : No
Approximate Stock Value : $15,000
Year Purchased : 2017
Year Established : 2000
Days Trading : 7
Staff : 4 Full Time - 13 Casual
Staff Salaries : $442,000
Reason for Sale : Personal reason
Location : Northern beach
Business Potential : Social Media, Menu Upgrade, Marketing
Parking Comments : Plenty of street parking
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