Stunning café/Bar in Rhodes, Selling for $120K

General Information

This stunning café/Bar/Restaurant is located in the heart of Rhodes NSW. It's beautiful with heavy foottrafic. Selling Coffee, All Day Breakfast, Brunch, specialty drinks, Cocktail, Beer etc.

 

-- 98 SQM inside + 20 SQM outside

-- over 50 seat inside + 20 seat out side

-- 1 car spaces + 1 Storage

-- Liquor License 

 

Location Details

Great location under apartments and very near the shopping mall and the train station in an affluent area in Rhodes NSW

 

Potential

--Currently operational as a  café Brunch with Liquor Bar,  Selling Coffee, All Day Breakfast, Brunch, specialty drinks, Cocktail, Beer etc.

--Could opening loger hours for night liquor bar and Cocktail

--Huge potential due to the significant and on going residential growth in this popular area

--Expand catering

--Do some marketing and advertising

--Add Uber eats and other home delivery

--Potential for an owner operator to further increase sales and profit

--There is also great capacity to expand the range to again cater to a broader audience.

--Add on the massive development across the street, this is definitely a keeper.

 

Reason for Sale

Family reason

 

Hours

7 days - Mon. - Sun. - 6 a.m. - 3.30 p.m.

 

Lease

3years + 3 years option ; Commenced from Sep 2018.; 5 % increases - 3 months bond

 

Employees

 2 fulltimers + 2 casuals

 

Comments

Compared with other regions in Sydney, Rhodes is an area with high return on investment and low risk, and it is also a good business with huge potential.

 

Over $200,000 was spent on the equipment and fit out in 2018 and the business is WIWO selling on the equipment value and location - The vendor is also open to selling at a reduced price without the equipment or if the buyer would lease back the equipment (terms to be negotiated ). -This business would also suit changing the menu to include some Chinese cuisine due to the location and clientele in the area - Opportunity plus.

Stunning café/Bar in Rhodes, Selling for $120K

$120,000.00Price
    • Figure Display Type   Regular
      Weekly Takings   $13,500
      Cost of Goods $3,900
      Gross Profit $9,600
      Rent $3,077
      Outgoings $289
      Wages $3,075
      Telephone $20
      Insurance $30
      Electricity $192
      Gas $
      Misc 1 $
      Misc 2 $
      Total Expenses $6,681
      Nett Profit $2,919

      Price

      $120,000

      Estimated Stock (additional)

      $2,500

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