Lobby Cafe – Long lease, cheap rent, North Shore

Price: $125,000 Location: North Shore - Lower, NSW Ref: 5157525
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Lobby Cafe – Long lease, cheap rent, North Shore
Price :
$125,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Juice Bar
Full Description :

Lobby Cafe located in Lower North Shore with no direct competition nearby.

Priced at under 1-year return. Simple 5 days a week operation.

The vendor is keen to sell due to other business commitment.

Currently on FULL management but owner-operator would benefit the business by focusing on customer service and upgrading the items on the menu.

KEY POINTS:

  • LOW rent @ $650 – less than 10% of revenue
  • Long lease remaining – 9 years
  • Bonus car park space included in rent – currently used as storage space
  • 5 days business
  • The owner can run with 1 or 2 casuals – simple to run
  • Almost new fit-out
  • A spacious interior as well as a large outdoor seating areas
  • No cooking required
  • No other cafes nearby

LOCATION:

  • Located on the busy main road on Lower North Shore
  • Corporate offices and medical office/surgeries nearby
  • Walking distance to the station but away from the main crowd – no direct competition

Would suit a barista starting up a cafe or first-time business purchasers.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5157525#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5157525#enquire-now

Annual Rent : $34,035 - Weekly Rent : $655

Annual Turnover : $364,000 - Weekly Turnover : $7,000

Annual Gross Profit : $282,601 - Weekly Gross Profit : $5,435

Annual Ebit : $128,700 - Weekly Ebit : $2,475

Premise : Leased

Lease Commencement : Mar 2018

Lease End : Feb 2023

Lease Option: 5 years

Total Floor Area : 72 Square Metres

Total No of Parking : 1

Franchise : No

Approximate Stock Value : $3,000

Year Purchased : 2011

Year Established : 2011

Days Trading : 5

Staff : - 1 Part Time - 1 Casual

Staff Salaries : $52,000

Reason for Sale : Other Interests

Location : Lower North Shore

Business Potential : Marketing, Promotions & caterings

Parking Comments : 1 car - Included in Rent

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