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Prime Location 5-Day Cafe near University and Tafe Selling Over 25kg Coffee a Week. $2,725/wk Net.

SOLD

  • ID Ref 4132
  • Suburb Ultimo
  • State NSW
  • Status Sold

Business Description

Asking Price
$159,000 Negotiable - (Finance Options may be available, speak to broker for more info).

Net Profit
$141,700 pa

Rent
$78,000 pa (Outgoings are included in this figure).

Lease
Long lease with 5 + 5 + 5 year options, lease commenced June 2018 - Annual C.P.I.increases - 3 months rental bond.

Location Details
Prime City Fringe location close to 2 universities plus many commercial buildings including a major broadcaster.

Potential
An active & experienced owner operator working full time in the business could easily reduce wages and increase profits. - Could improve this business by offering catering to the local businesses. - could open for Saturday morning Trade. Also the potential to put in place online delivery services for a quick boost in sales.

Hours
5 days - Mon. - Fri. - 630 a.m. - 400 p.m.

Employees
1 owner + 2 full-timers

About the Business
Cafe - Espresso Bar - Takeaway - City Fringe

Features
Great location. - Close to Universities & Tafe as well as commercial offices. - Lots of passing foot traffic. - Very long lease. - Well established. - Regular customer base. - Easy to run.

Premises
This business has an area of approx. 40 sq. mts

Location
Prime City Fringe location close to 2 universities plus many commercial buildings including a major broadcaster.

Trading Hours
5 days - Mon. - Fri. - 630 a.m. - 400 p.m.

Lease
5 + 5 + 5-year lease commenced June 2018 - Annual C.P.I.increases - 3 months rental bond (may need 6 months if inexperienced for first year.

Employees
1 owner + 2 full-timers

Other Information
A high-end Coffee machine is owned by the vendor and included with the sale. The vendor also has a special price arrangement with coffee bean supplier that can be made available to the purchaser. POS receipts, invoices, and trial will be made available for buyers due diligence.

Contact Michael Short from Biz Transfer on 0421744572 to discuss the business.

Business Features / Snapshot

Your Business Broker

Michael Short

Business Location

Ultimo, New South Wales 2007