Well established cafe in Lower North Shore with New Lease

Well established cafe in Lower North Shore with New Lease

Key Sale Highlights

Business Overview

About the Business

One of the longest operating and established cafes in the area and consistently serving quality specialty coffees and renowned dishes exclusively in the area.

Average Weekly Sales is over $10,000 per week.
Rent (incl. GST) $1,587 per week & Monthly Outgoings $276.20.

Trading Hours
Weekdays: 7am – 2pm, Closed on Weekends.

Employee
4 x Full-timer (Owner, Cooker, 2 Kitchenhand/Waiter).

Lease
Current Lease expires June 2025 and Landlord approved New Lease 5 + 3 Years Option.
Monthly Rent: $6,875 including GST with $1,500 monthly strata levy & only 2% increase each anniversary.

Strengths & Potentials
✓ Well established café that pride on consistent quality in coffee and food.
✓ Situated within 5min walk to Train Station, Bus stops and ample of street parking.
✓ Very stable current turnovers and pre-Covid weekly sales were around $15,000.
✓ Frequent F&B provider to Quest Hotel guests and caterer for offices in the area.
✓ Ongoing construction works for the new Metro station at Oxford & Clarke Street.
✓ Forecast new residential and commercial developments in surrounding areas.
✓ Excellent Google Reviews from new and strong base loyal customers.
✓ New Owner can consider trade on weekends to increase weekly sales.
✓ Has capacity of +50 patrons indoor seating and additional outdoor seating.
✓ Café has alcohol license which has potential to trade into dinners.

✓ New Lease of 5+3 Years Option is offered by Landlord when purchased the business.

Sale price:  $99,000 + SAV

Sinosmart Business Brokering 中智商业

https://sinosmart.com.au/

Financials

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Location Details

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This information is only available to registered users. 

This information is only available to registered users. 

This information is only available to registered users. 

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