Restaurant- Cafe - FN1309

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$1,400,000

Description

Fully licensed cafe and restaurant serving a wide range of dishes for breakfast, lunch, and dinner. Popular menu items include salted caramel French toast, dry-aged Wagyu steaks, vibrant Asian fusion cuisine, Margherita pizza, pork ribs, Aussie Wagyu beef burgers with chips, seafood marinara spaghettini, olive pasta, and more. The business averages coffee sales of 55kgs. per week, and offers 56 indoor seats and 40 outdoor seats. Liquor license valid until 11:30 p.m.. State-of-the-art modern fit-out with no further investment required.

Potential

Ideal for an experienced owner-operator looking to improve profit margins-Opportunity to expand catering services -Potential to boost sales through local marketing and a stronger social media presence

Features

Prime location with high foot traffic- Wide selection of popular Australian and Asian fusion dishes- Stylish and modern fit-out in excellent condition- Strong online reviews and loyal customer base. Turnkey operation - nothing more to spend

Premises

Spacious and beautifully designed cafe / restaurant with 340 sqm of total space with fully equipped kitchen, large dining area, and outdoor seating area

Location

Premium position at the outside entrance of a major shopping centre in Sydney's Upper North Shore having excellent visibility, signage exposure, and easy customer access

Trading Hours

7 days - Monday to Sunday - 7:00 a.m. to 9:30 p.m.

Lease

9 year lease commenced March 2019 - 4-month bond - 4% annual rent increases (CPI linked)

Employees

Under full Management - 12 full timers + 5 part timers + 6 casuals.

Comments

Operates under a licensed brand name (3 venues in Sydney under the same branding)- Coffee machine, milk fridge, and drink fridge are owned by the coffee supplier, pizza fireplace is owned by the business- Rent includes outgoings and marketing fees- Sales are steadily growing-Please be discreet when visiting - do not approach staff or owners-Rare opportunity to acquire one of Sydney's best-performing cafe/restaurants

SBX ID

FN1309

Figures
  • Takings: $75000/week (GST)
  • Cost of Goods: $22000
  • Gross Profit: $53000
  • Rent: $5190
  • Wages: $18350
  • Insurance: $57
  • Electricity: $1700
  • Gas: $553
  • Misc 1: $150
  • Total Expenses: $26000
  • Nett Profit: $27000
  • Estimated Stock (Additional): $15000
  • All other values ex GST
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