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SoldAn absolute gem of the area-- Easy to operate CAFE in Sydney South Bayside

SELLING PRICE

$198,000.00

LISTING AGENT

Mike Arvythis

OVERVIEW

  • Listing ID 419
  • Price $198,000.00
  • Categories Food & beverage
    All food Businesses
    Cafes and take away food shops
    Food/Hospitality
    Cafe/Coffee Shop
    Food/Beverage

Details

A Stunning Near New Fit Out Cafe in the very popular Bayside area in Sydney South.

The premises has been established as food business for over 15 years and gone thru a major re-branding 2 years ago with great success.

A close proximity to the beach/ bay area which gets absolutely packed on the weekends all year round.

High turnover of $ 13,000 pw and still increasing.

Coffee sales average 35-40 kg per week.

Owner only works 5 days a week, and the cafe currently only trades for breakfast & lunch.

This could easily be maximised by opening a few nights during the week & weekends, taking advantage of the high volume of people frolicking this popular destination.

Long secured lease with 3+5+5 years remaining, CPI increase only.

Rent only $ 1175 per week, including GST, outgoings AND the 3 bedroom apartment upstairs, returning $ 400 per week. This effectively reduces the rent for the CAFE to only $ 775 per week.

Full equipped kitchen at the front with store room and car space at the rear.

All equipment owned out- right including the coffee machine and grinder.

The business has been increasingly gaining its reputation and popularity in the area, with regulars local patronage and passer by as customers.

The owner draws a wage which is included in the expense.

The business has a sustainable net profit with a return of investment less than 15 months.

All the hard work has been done.

Easily put under management.

Key staffs are in place.

Solid customer base.

FOR FURTHER INFORMATION OR HELP REGISTERING ON OUR SITE, 

PLEASE CONTACT

MIKE ARVYTHIS      0411 690 000




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