$380,000 LICENSED CAFE RESTAURANT | HIGH TURNOVER | NEW FIT-OUT

For Sale: $380,000





Business Overview

This is it! A once in a lifetime opportunity to get your hands on one of Sydney's best, fully managed, and multi-purpose hospitality venues.


This licensed cafe-restaurant is located in the heart of Sydney’s most highly sought after and rapidly growing areas. Minutes from the CBD it is surrounded by commercial, retail, and an abundance of residential locals.


Established as a flagship premises, no expense was spared, with circa $1,000,000 invested into the setup less than three years ago.


Organic growth has occurred in the FY21 months, with additional revenue streams recently introduced to capitalise on evening trade and the on-premises liquor licence. Revenue through initial COVID restrictions in FY20 remained strong allowing to retain all key employees.


This amazing 80 seater venue is a hospitality entrepreneur's dream business. Add all this to one of the longest leases with favourable terms seen in the retail market today, this business will not stay on the market long.


To find out more about this remarkable and rare opportunity, contact me today.



Features


Under Full Management with Highly Skilled Team

On-Premise Liquor License to 10pm

Recent modern fit-out investment of circa $1M

Over 200sqm Floor Space with Commercial Kitchen and Additional Storage

Organic Revenue Growth in Addition to new Revenue Streams

Prime Location with Long Lease of 7 + 5 + 5 years










Financial Summary


Net Revenue: $30,537

Cost of Goods: $8,651

Annual Rent incl Outgoings: $4,016

Wags incl Super: $10,947

Operating Expenses: $1,505

Net Profit/EBITDA: $5,418


*Average Normalised Weekly Figures - TrailingThree Months



Premises


Lease: Ends 12 June 2038

Lease Terms: 7 + 5 + 5

Annual Increases: 3%

Car Spaces: Yes

Seating Capacity: 80+

Square Meterage: 220



Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "


Daniel Kogan

(e)  daniel@vbaaustralia.com.au

(m) 0401 620 918

(t)   (02) 8923 2632


The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business