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Cafe And Coffee Shop For Sale in Darlinghurst Sydney NSW

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Cafe - Espresso Bar - Under Management - Profit $2,627 Pw - Cafe - Sales $8,770 Pw - Espresso Bar - Under Management - Iconic Espresso Bar - Darlinghurst Nsw 2010

Location:Darlinghurst, Sydney, New South Wales

Category:Cafe and Coffee Shop

Asking Price:$100,000

100000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Cafe - Espresso Bar - Under Management - Profit $2,627 Pw - Cafe - Sales $8,770 Pw - Espresso Bar - Under Management - Iconic Espresso Bar - Darlinghurst Nsw 2010

Business description

Cafe - Espresso Bar - Under Management - Sydney City Fringe - Agent SBX Code Number: G1711

Cafe - espresso bar that has been an institution in Sydney city fringe serving authentic Italian coffee for over 60 years. - First opened in 1957 and then relocated to current location in 1970. - Very popular for early coffee & all day breakfast on the footpath and also offering sandwiches and salads for lunch. - Selling 30-35kgs. coffee pw. Seating outside for 13 and 10 inside. - Licensed.

Potential
An active owner operator or couple could easily reduce staff levels and increase profits. - Could convert to a Tapas Bar in the evening.

Features
Iconic Espresso Bar. - Well established. - Regular customers. - Local favourite. - Long Lease with excellent terms. - Low rent.

Premises
This espresso bar has an area of approx. 30 sq. mts.

Location
Situated on a very busy main road in the City Fringe surrounded by both commercial & residential.

Trading Hours
7 days - Mon. - Fri. - 5.00 a.m. - 2.30 p.m. - Sat. - Sun. - 5.00 a.m. - 3.30 p.m.

Lease
2 year lease commenced Feb. 2019 + 5 + 5 year options - No bond. - CPI increases after 1st option.

Employees
1 Manager + 3 casuals

Comments
The figures for this business are being shown as if being run by a hands on owner operator replacing the Manager whose wage was $1450 p.w. - Miscell. - 1 - Garbage collection - Miscell. - 2 - Footpath seating

Figures
Weekly Sales $8770
Rent (ex GST) $992
Wages $2200
Profit $2627


Agent SBX Code Number: G1711 - SBX Business Brokers

Other Information

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