Cafe Upper North Shore For Sale

Business description

A very well known brand name which has become an icon in the area after 12 years of excellent service. Exceptionally profitable, well run with experienced staff.The business has shown a long history of growth. Financials available to qualified Buyers. In addition a trial is offered for due diligence.

Property information

Real Estate:

Lease

Lease terms:

The 7 year lease commenced 1/11/2003. The lease has been renewed 3 times since the business started and is considered a drawcard to the boutique centre.

Location:

The cafe is situated in a wellknown boutique shopping centre on the upper north shore of Sydney. The centre has 2 major anchor tenants plus other specialised retail stores and a few eateries.

Other information

Expansion potential:

The owners have operated the business for 12 years. A new owner with fresh energy could increase the catering clientele.

Competition / Market:

This cafe caters for the locals and in addition offers an important catering service to larger corporate businesses.

Support & training:

The Vendor offers pre and post settlement training to a new owner, period to be negotiated.

Reasons for selling:

After 12 years, the owner needs a long holiday and then a fresh challenge.

Trading hours:

7 am to 5 pm

Financing available:

Possible limited Vendor finance

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$20,000