Well Estab Cafe, under management – suitable for Visa 188

Price: $850,000 Location: St George, NSW Ref: 4881709
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Well Estab Cafe, under management – suitable for Visa 188
Price :
$850,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Catering
Full Description :

FIRST TIME OFFERED!

LOOKING FOR INVESTORS TO APPLY FOR 188 VISA

FULLY SETUP AND ESTABLISHED CAFE TO RUN OR MANAGE

All the hard work to set up this popular local cafe has been done. Depending on your requirements, guidance in the management of the cafe can be provided during the whole process of VISA 188 application.

Brand new cafe, currently turning over $24,000 per week

Low rental risk, with Weekly Rent of $830 – 8.5 years left on the lease

It ticks all the boxes to apply for the VISA. 

  • Already establisbed and operating business
  • Business asset more than $800K
  • Annual turn over more than $1.25M
  • Fully trained and operating locally selected employees
  • Full Management
  • Full supports and annual updates of new menu
  • 100% Net profit to the purchaser
  • No other COST involved

Current team will be assisting all throughout the process.

For details, please contact us directly to receive full details and conditions of the purchase and process.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4881709#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4881709#enquire-now

Annual Rent : $43,200 - Weekly Rent : $831

Annual Turnover : $1,248,000 - Weekly Turnover : $24,000

Annual Gross Profit : $787,436 - Weekly Gross Profit : $15,143

Annual Ebit : $260,000 - Weekly Ebit : $5,000

Premise : Leased

Lease Commencement : Jul 2018

Lease End : Jun 2021

Lease Option: 3 + 3 years

Franchise : No

Approximate Stock Value : $5,000

Year Purchased : 2018

Year Established : 2018

Days Trading : 7

Staff : 1 Full Time - 9 Casual

Staff Salaries : $390,000

Reason for Sale : Visa Application

Location : Kogarah

Business Potential : Visa Application support. Full management

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