Five Day Cafe With Low Rent For Sale

Business description

Sandwich cafe $520,000
Lower North Shore of Sydney
Five days
Low rent 5.1% of turnover!
good turnover $15000 per short week
profit $4000 p/w
One of the best five day food outlets located under an exclusive building. First time offered for sale in five years.
Rent only $765 per week plus gst and under the terms of the lease this amount is not changed annually until the end of the option period, or five years from now!!!!
Consistent turnover of $15,000 per week in five short days trading.
Good sized kitchen complete with grease trap , exhaust, coolroom.
All buyers looking for a good cafe sandwich espresso business then this deserves your attention. 20 kilos coffee sales per week I believe can be improved.
Five days cafe sandwich shops are always in demand but when one is available and the rent is only 5.1 % of turnover this business stands out from all the others.

Property information

Real Estate:

Lease

Lease terms:

Currently a five year term is avalable. Any approved buyer may wish to negitate a longer term however the rent is FIXED at $769 per week until the end of the lease so it make sense to run out the current lease.

Location:

The business is located under a building next to other office buildings and residential. It caters exclusively for a private hospital and the staff , doctors and , nurses patients and visitors. The business has ample outside seating and also inside eating.

Other information

Expansion potential:

As mentioned if some of the nearby office buildings were to get more tenancies the turnover must increase due to their position.

Competition / Market:

The business is actually primely positioned without any competition. One of the nearby buildings is currently not fully let and this will help increase turnover once occupancy is increased. Even without that occuring the business operates five days and returns a profit in excess of $4000 a week to its two partners. The rent is so good you need to pay a slight premium for the business.

Support & training:

All training nad support is offered plus a trial to guarantee turnover of $15000 gross per week.

Reasons for selling:

One of the owners has another new evening business and has decided to sell this one

Trading hours:

8 am to 3 pm Mon to Fri

Financing available:

Not available through the vendor but the agent has relationship with NAB for all approved clients

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$5,000