Long established, profitable Cafe, Great takings. Low rent. Sydney Upper North Shore

Price: $849,000 Location: North Shore - Upper, NSW Ref: 3846989
Agent:
Bruce Irvine
Agent Phone:
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Business Headline :
Long established, profitable Cafe, Great takings. Low rent. Sydney Upper North Shore
Price :
$849,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Alcohol/Liquor, Restaurant
Full Description :

Situated in the Upper North Shore, this busy Cafe draws patrons from both local residents and the nearby hospital.  With seating for 75 indoors and 15 outdoors, the large foldaway windows give the Cafe a great European City feel.  Trading 7 days, and two evenings, opportunity exists to further expand into the evening trade, especially in the pizza/pasta take away area.

The full kitchen could allow for an expanded menu.  Currently the venue offers a breakfast and lunch menu.  Food choices range from classic Aussie to Mediterranean styled dishes.  An existing liquor licence further adds to the opportunity to expand evening trading.

Current owner has operated the business for 10 years, now looking for a well deserved retirement.  He believes that a new face and new menu ideas could step the business up even further. A more active social media presence should definately increase customer numbers.  

Cafe serves between 35-40kg of coffee per week.  There are big development plans in the area with a large specialist medical suite, and new play school being built next door to the suburban shopping centre. Expectations are that this will draw an additional 1000 people per day to the area.

In addition to the consitent takings and opportunities for growth, how can you go past the very low rental. All this points to opportunities to improve on this successful business.

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3846989#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=3846989#enquire-now

Annual Rent : $55,812 - Weekly Rent : $1,073

Annual Turnover : $1,560,000 - Weekly Turnover : $30,000

Annual Gross Profit : $1,040,000 - Weekly Gross Profit : $20,000

Annual Ebit : $416,000 - Weekly Ebit : $8,000

Lease Commencement : Jan 2017

Lease End : Dec 2021

Lease Option: 5 years

Total Floor Area : 190 Square Metres

Franchise : No

Approximate Stock Value : $10,000

Year Purchased : 2007

Year Established : 2007

Days Trading : 7

Staff : 4 Full Time - 5 Casual

Staff Salaries : $465,000

Additional Notes : Stock includes liquor

Reason for Sale : Owner retiring

Location : Wahroonga

Business Potential : Trade extended evenings, functions

Parking Comments : No allocated parking bay in lease, but there is space at the rear of the shop for a car to park.

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