General Description
Cafe - espresso bar selling freshly roasted blended coffee, pre-made gourmet sandwiches, cakes, sausage rolls and pies etc. - Open kitchen. - Light cooking. Well established - easy to operate. - Excellent reputation in the city fringe area - Repeat customers - City Fringe Nsw
Features
Perfect location - Stunning fit out - A proven system of operation - training and support - Under full management - .
Potential
Could open until 6.30pm weekdays during the university calendar to catch the final classes of the day. Market catering to the surrounding businesses, offices and education . Increase social media presence.
- Could Suitable for Restaurant or Takeaway Food business.
Premises
Modern designed shop with more than 50 seats included outdoor
Location
Prime location with high foot traffic along Harris Street, next to UTS university. Cafe is located at the bottom of UTS Insearch, which houses 5 floors of students. Surrounded by creative offices, NSW Tafe, the Powerhouse Museum and ABC. Area set for huge growth.
Lease
5 years Lease commerced from July 2019, 5 years option , - 4% increases annually - 6 months bond.
Hours
7 days - Mon. - Fri.- 6 a.m. - 3 p.m. Weekend 6 a.m. - 3 p.m.
Sale Reason
personal reason
Employees
One manager + 2 Fulltimes
Comments
The rent includes all outgoings. - This is lifestyle business offering a good opportunity for investor and owner operator alike. - A must to inspect.
Cafe - Espresso Bar - Prime Location UTS Campus Ultimo - Well Reputation
Figure Display Type
Regular
Weekly Takings
$8,000
Cost of Goods
$2,000
Gross Profit
$6,000
Rent (Inc GST) Gross
$1,500
Wages
$2,300
Electricity, gas $300 Other costs $60 Total Expenses $4,160 Nett Profit $1,840 Price $188,000 Estimated Equipment Value $30,000 Estimated Stock (additional)
$2,000