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. - Please be discreet when visiting - do not approach staff or owners-Rare opportunity to acquire one of Sydney's best-performing cafe/restaurants

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 am to 9:30 pm.

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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