Property Details

Licensed Cafe / Restaurant, Eastern Suburbs - Eastern Suburbs - Easter Suburbs

  • sized_coffee & beans Web

Property ID : 2033

For Sale AU$550,000  

• Stunning café based in Woollahra village (cosmopolitan, high traffic, influential area for a licensed café, evening dining concept, function centre or wine bar) • Operates Under Management, with stable and strong staff • Fully licensed, with alcohol selling well
• Operates 7 days for breakfast and lunch; immediate opportunity is to open evenings for dining, wine bar or function centre, with a DA & Liquor License in place to trade until 10.30pm every night • Coffee sales are 35kg a week (very strong food sales / higher than coffee) • Turnover is av $30k a week (higher in summer) • The recent addition of UBEREats increases FY Turnover to $1.565m p.a. • Almost $220K EBITDA Under Management and would be +$280K EBITDA if Owner/Operator
• Kitchen and 2013 $500K designer fitout, in good condition & does not need any upgrades • Strong site awareness & customer loyalty for quality coffee, service and fresh food • Currently 6 years remaining & confident to negotiate a further 5 year option, with a buyer at the table • Ability to change the concept/name to independent or other brand, no licensing commitments.

TURNOVER: $30,000 avg
PROFIT: $5,500
LEASE: 6 Years remaining
RENT: $5,500 Including G S T
WAGES: $8,000
STAFF: Fully Under Management, 5 Full Time, 5 Casual
TRADING: 7 DAYS

Please ring 02 9554 8064 for more information or admin@gebiz.com.au.

*To view all our listings please visit www.gebiz.com.au

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