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

Price: POA 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 :
POA
Category :
Food/Hospitality, Cafe/Coffee Shop, Restaurant, Takeaway Food
Full Description :

PRICE SLASHED! WIWO – Just paying for equipment only!

Owner has other intersts and wants to SELL.

Be the first to inspect! and make an OFFER!

The owner needs to go!

Iconic Beach front 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 beach front 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 operate 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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