Superb Lobby Cafe, Exclusive Building, CBD, 70KG, 5 days

Price: $619,000 Location: Sydney City, NSW Ref: 4968428
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Superb Lobby Cafe, Exclusive Building, CBD, 70KG, 5 days
Price :
$619,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Restaurant
Full Description :

One of the BEST towers in Sydney CBD – Gold Mine, hard to come by.

Simple operation, working 5 days a week or invest and run under management.

Location:

  • Adjacent to Sydney’s popular Darling Harbour.
  • Premium grade office tower.
  • Linking bridge to the Cockle Bay Wharf.
  • 3.6 hectare precinct.

Features:

  • Spacious Coffee Bar/Kiosk on the ground floor.
  • High foot traffic morning and afternoon.
  • Serving over 1000 cups a day.
  • Seating areas over 100 sqm in the lobby.
  • NO cooking involved – simple operation.
  • Only opens weekdays. 5 days a week.
  • Lease includes 2 large storage rooms.
  • Attractive lease conditions.

Can be run under full management as the current owner only oversees the business.

This lobby cafe has been operating for approx 10 years.

Was refurbished 2 years ago and looks amazing.

Over 40 seating spaces around the coffee bar.

No direct competition nearby.

Under the fully tenanted 18 storey tower and more to come in the next tower – will increase sales.

Promotions and changes in menu will attract more customers.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4968428#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4968428#enquire-now

Annual Rent : $125,300 - Weekly Rent : $2,410

Annual Turnover : $1,144,000 - Weekly Turnover : $22,000

Annual Gross Profit : $730,600 - Weekly Gross Profit : $14,050

Annual Ebit : $338,000 - Weekly Ebit : $6,500

Premise : Leased

Lease Commencement : Jun 2017

Lease End : Jun 2025

Franchise : No

Approximate Stock Value : $5,000

Year Purchased : 2011

Year Established : 2008

Days Trading : 5

Staff : - 5 Casual

Staff Salaries : $244,400

Reason for Sale : Other Interests

Location : Sydney CBD

Business Potential : Increase Menu options, Promotions, Catering to offices

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