$695,000 NORTH SHORE CAFE HIGH TURNOVER 6 DAYS

SOLD






Business Overview

2 businesses in 1 - don't miss out!


This quality café is a well established food and beverage staple of the Crows Nest area. The business trades only 6 days per week and is closed on Sunday. Saturday is the cafe's busiest day with a turnover of $10k on Saturday's alone.


Open Sunday, to make even more profit!


There is an off site kitchen that handles all the catering for the business. Catering orders range from $2,000 - $8,000 per week, and this is an arm of the business that can be marketed and grown substantially.


This business is for the astute operator/investor looking to purchase a business that has both strong revenue and bottom line performance, along with excellent growth possibilities requiring little to no investment.


The owner works in the business just 3 days per week, and there is a full management team in place consisting of a head chef, floor manager, and various key staff members who are loyal to the business.


The café is also licensed, and can serve liquor until 10pm. A prudent purchaser can also capitalise on this, as the café trades just 7am -4pm Mon-Fri and then 7 30 - 4 30pm on Sat.


The lease is until September 2027 which includes an option to renew of 5 years in 2022. The base rent is approx. 7% of revenue and there is a car park for the owner included in the lease.



Financial Summary


Revenue $ 1,618,866

Cogs $ 518,037

Wages $ 601,853 (plus Super)

Wages to Owner $ 118,530 (plus Super)

Rent $ 110,632



*Source 2018 FY

*All figures are excluding GST



Features


High turnover of 40k per week approx

Excellent management structure in place

Huge room for growth and value

Strong catering revenue stream is a second business

Owner works just 3 days per week








Premises


Rent: $110,632 + GST PA

Annual increases: 3.5%






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 "


Dan Levitus 

(e)  dan@vbaaustralia.com.au

(m) 0450 326 146

(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

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30 + years experience 

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North Sydney, NSW 2060

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