PRICE SLASHED CAFE – N Beach, Long lease, Well Estab. WIWO

Price: $17,999 Location: Northern Beaches, NSW Ref: 4842963
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
PRICE SLASHED CAFE – N Beach, Long lease, Well Estab. WIWO
Price :
$17,999
Category :
Food/Hospitality, Cafe/Coffee Shop, Restaurant, Takeaway Food
Full Description :

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.

FEATURES:

  • 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

Location:

  • Prime location with beachfront in Northern Beaches
  • 40 seatings outside & 50 seatings inside

Potential:

  • 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-now

To 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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