Need we say more? This is an incredibly simple and efficient gem in the heart of Surry Hills. The business trades just Monday - Friday from 7am-3pm. The owner of the business lives in QLD, so that should give you a really clear indication of the extent of owner involvement required. A hands on owner could also really add value to the business.
The business is run with 2 full time staff working from open to close and 2 part time staff that work over the lunchtime rush around 3 hours each.
The business has an average turnover of $8000 per week, and the business generates around $1500 per week profit run entirely without the owner.
The lease for the premises runs until 2026, and are some really great opportunities to grow the business, that a hands own owner can implement, such as marketing and catering.
The average spend per customer is $11.10, and the business does not serve coffee, it is a very busy lunchtime trade.
Overheads are extremely cheap due to the premises being small, and requiring minimal equipment. Rental expenses are also very competitive.
Key Revenue and Expenses
Revenue $ 400,000
Rent $ 54,000
Wages $ 122,500
Net Profit (p) ebitda $ 75,000
*Further financial information is available on request
Run completely under management, the owner lives in QLD
5 days per week trading until just 3pm
Low overheads and $1500 net profit per week to non working owner
Long lease that expires in 2026
Very simple to operate and manage from
a distance, or be hands on and grow the business
Rent: $54,000 per year
Annual Increases: 4%
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(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