Open to Offers – Outstanding Cafe/Restaurant in Lower North

Price: $69,000 Location: North Shore - Lower, NSW Ref: 4801183
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Open to Offers – Outstanding Cafe/Restaurant in Lower North
Price :
$69,000
Category :
Food/Hospitality, Restaurant, Takeaway Food, Cafe/Coffee Shop
Full Description :

Owner wants to SELL – any offers will be considered!!!

OUTSTANDING, TOP OF THE CLASS RESTAURANT/BAR/CAFE located in Lower North Shore.

Opportunity to Turn into any types or Restaurant or Cafe at low cost.

Not to be MISSED. Be the first to INSPECT.

 

LOCATION, LOCATION, LOCATION!

  • One of the busiest suburbs in Lower North Shore, Commercial District.
  • High foot traffic
  • Corner location with great street frontage
  • Plenty of parking spaces

FEATURES:

  • 2 levels of dining area, currently each running under 2 different menu
  • Large, spacious FULL kitchen, both downstairs and upstairs
  • 4 toilets – 2 on each level
  • Separate bar area
  • Woodfire pizza oven
  • Alfresco dining & private dining spaces
  • Large space for cutomer car parking – enough for 10 cars
  • Separate dining areas/rooms for functions & coporate events

OPPORTUNITES:

  • This is a well known restaurant in LNS and currently running as an Italian restaurant
  • Only operating for lunch & dinner – possibility for breakfast trade
  • Opportunity to turn into a SPECIALTY BAR as it could well work in the area
  • Promotion for corporate functions and catering

This restaurant has a FULL potential to double what it is doing currently.

Suitable for experienced operator to turn this place back to where it used to be few years ago.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801183#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4801183#enquire-now

Annual Rent : $261,100 - Weekly Rent : $5,021

Annual Turnover : $1,318,820 - Weekly Turnover : $25,362

Annual Gross Profit : $889,950 - Weekly Gross Profit : $17,114

Annual Ebit : $159,000 - Weekly Ebit : $3,058

Premise : Leased

Lease Commencement : Jun 2017

Lease End : Jun 2021

Lease Option: 4 years

Total No of Parking : 10

Franchise : No

Approximate Stock Value : $10

Year Purchased : 2013

Days Trading : 7

Staff Salaries : $356,200

Reason for Sale : Family Reason

Location : Lower North Shore - Corner location, Foot traffic

Business Potential : Corporate Promotion, Catering, Online Ordering

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