Reference No: MBS-2396

Food and Hospitality
Sydney NSW

Price: $290,000

Licensed Cafe Restaurant | High Turnover | New Fit-out For Sale

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

Financial Summary
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 fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.my... (click to show)-cafe-restaurant-high-turnover-new-fit-out

We hope you are the successful buyer.

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Price: $290,000
Vision Brokers and Advisors
Address:
Level 32, 101 Miller Street
North Sydney, NSW, 2066

View Website

Contact: MyBizSale
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