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$99,000 Must Sell | Regional Café/Restaurant

For Sale: $99,000





Business Overview


Fully fit for purpose and ready for trade!


If you’ve been looking to start your own café/restaurant, this may be the perfect opportunity that you’ve been waiting for… And at a fraction of the price!


The premises has an exceptional fit-out, which includes a high-quality commercial kitchen and equipment that well exceeds the $99,000 price tag.


The lease will be assigned as it stands and will expire in February 2023 with a 3-year option until 2026 for the new purchaser.


This opportunity is a steal for the new owner. The owners are prepared to consider all reasonable offers and are highly motivated towards a fast sale.


Features

  • Great position with shopfront exposure and street parking

  • Caters to both dine-in and takeaway options

  • 100m2 of floor space catering to 30 seats

  • Quality Commercial Kitchen and Equipment

  • Low rental expense of $35,904 PA

  • Lease expires February 2023 with a 3-year option




Financials

  • Net Revenue: $844,973

  • Cost of Goods: $169,814

  • Annual Rent: $35,904

  • Expenses: $77,916

  • Wages incl Super: $411,473

  • Net Profit/EBITDA: $149,866

  • Profit to Working Owner/PEBITDA: $237,866

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