XKR1030 - Cafe Restaurant in shopping mall - No competition - Licensed

Overview
Cafe in inner west shopping mall serving Italian style cuisine including a refined and tasty breakfast and lunch, pizza, burger - Currently selling 30 kgs. of Campos coffee p.w. It is the only cafe allowed in this mall. That means no competition. Lots of advantages - Top-class presentation which offers an elegant and friendly dining experience. Warm and inviting cafe with an area of approx. 146 m2 plus 122 m2 outside the seating area. - 60 comfortable seats inside and 60 outside - Full commercial kitchen- High reviews online  - Liquor licensed - Long lease - Low rent, only  $2,418 +GST per week. Includes outgoings, gas, and water fee. Due to a new baby born, the vendor has no time to manages this lovely business. Has to sell.

Potential
One separate area can run as a restaurant with a ready kitchen or can be rented out to save rent.

Trading Hours
7 days - Mon. - 6 a.m. - 3 p.m, - Tues. - Sun. - 6 a.m. - 3 p.m. - 5 p.m. - 9 p.m.

Lease
Current 5 + 5 + 5 year lease commerced Feb. 2017 - 3.5 % increases annually - $22,000 bond

Employees
1 owner (only work 24 hours p.w.) + 2 full timers + 4 part timers + 5 casuals

Comments
The rent includes outgoings, gas, and water fee. - Great business in a great location without competition. - Rare find. - Great investment opportunity.

 

Weekly figures 

Sales $20,000

Cost $5,500

Rent $2,418 +GST 

Wages $7,000

Nett Profit $4,521

Stock (extra) $15,000

 

XKR1030 - Cafe Restaurant in shopping mall - No competition - Licensed

$388,000.00Price

    © 2020 All rights reserved. This website contains general information only. The information is not advice of any kind and is not intended as a substitute for professional and/or specialist advice. The founders, authors and contributors assume no liability or responsibility for the use or misuse of the website content that may include omissions, inaccuracies or incorrect information. Your use of this website signifies your agreement and compliance to all the terms and conditions published here. All trademarks and intellectual properties mentioned on this website are the property of their respective owners. 

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