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$290,000 Licensed Cafe Restaurant | High Turnover | New Fit-out

UNDER OFFER






Business Overview

Reduced to Sell! A once in a lifetime opportunity to get your hands on one of Sydney's best, fully managed, and multi-purpose hospitality businesses in time for the re-opening of hospitality venues.


This licensed cafe-restaurant is located in the heart of Sydney’s most highly sought after and rapidly growing areas. Minutes from the CBD it is surrounded by commercial, retail, and an abundance of residential locals.


Established as a flagship premises, no expense was spared, with circa $1,000,000 invested into the setup less than three years ago.


Organic growth has occurred in the FY21 months, with additional revenue streams recently introduced to capitalise on evening trade and the on-premises liquor licence. Revenue through initial COVID restrictions in FY20 remained strong allowing to retain all key employees.


This amazing 80 seater venue is a hospitality entrepreneur's dream business. Add all this to one of the longest leases with favourable terms seen in the retail market today, this business will not stay on the market long.


To find out more about this remarkable and rare opportunity, contact me today.



Features

  • Under Full Management with Highly Skilled Team

  • On-Premise Liquor License to 10pm

  • Recent modern fit-out investment of circa $1M

  • Over 200sqm Floor Space with Commercial Kitchen and Additional Storage

  • Organic Revenue Growth in Addition to new Revenue Streams

  • Prime Location with Long Lease of 7 + 5 + 5 years





Financials

  • Net Revenue: $30,537

  • Cost of Goods: $8,651

  • Annual Rent incl Outgoings: $4,016

  • Wags incl Super: $10,947

  • Operating Expenses: $1,505

  • Net Profit/EBITDA: $5,418


Average Normalised Weekly Figures - Trailing Three Months pre-Covid lockdown





Premises

  • Lease: Ends 12 June 2038

  • Lease Terms: 7 + 5 + 5

  • Annual Increases: 3%

  • Car Spaces: Yes

  • Seating Capacity: 80+

  • Square Meterage: 220


To enquire on this business and obtain further details, please click on the blue button at the top of the page.