Well Estab Cafe, under management, low rent, South West SYD

Price: $499,000 Location: St George, NSW Ref: 4881709
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Well Estab Cafe, under management, low rent, South West SYD
Price :
$499,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Takeaway Food, Catering
Full Description :

Well Established Local Cafe Business!

FULLY SETUP AND ESTABLISHED CAFE TO RUN OR MANAGE

All the hard work to set up this popular local cafe has been done. 

A brand new cafe, currently turning over $22,000 per week

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

 

  • Already established and operating a business
  • Business asset more than $800K
  • Annual turn over more than $1.14M
  • Fully trained and operating locally selected employees
  • Full Management
  • Full supports and annual updates of new menu
  • Well known locally and on Social Media
  • Full Kitchen and possible to apply for a license if required

This Business is suitable for local investors and operators as well as foreign investors seeking for 188 VISA.

This business is set up for investors to apply for Investment Visa 188 but anyone can purchase and run it owner operator or under management

It ticks all the boxes to apply for the VISA. 

Current team will be assisting all throughout the process.

For details, please contact us directly to receive the 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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