Cafe - Espresso Bar - Prime Location UTS Campus Ultimo - Well Reputation

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

$188,000.00Price
  • 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

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Suite 302, 7 Railway St, Chatswood  - New South Wales - Australia  - COMPANY INTRANET