Prime Location 5-Day Cafe in Ultimo – Almost 30kg Coffee Sold P/w – SOLD!

Listing Details

Prime Location 5-Day Cafe in Ultimo – Almost 30kg Coffee Sold P/w – SOLD!
$149,000

Prime Location 5-Day Cafe in Ultimo – Almost 30kg Coffee Sold P/w – SOLD!

Prime Location 5-Day Cafe near University and Tafe Selling Over 25kg Coffee a Week.

Lease, Cofee Invoices and Point of sale receipts are available for the purchaser to review.

 

Business Details

  • Asking Price

    $149,000 Negotiable (Offers are Invited)

  • Weekly Gross Profit (Takings less Cost of Sales)

    $8,500 Turnover
    $1,955 Purchases
    $6,545 Gross Profit

  • Weekly Profit

    $2,725

  • Premises

    - Rent is currently $1,500/wk including Outgoing.
    - Current lease term to June 2023 + 2 x 5 Options.
    - Annual C.P.I.increases - 3 months rental bond.
    - This business has an area of approx. 40 sq. mts.
    - Fully equipped kitchen with a deep fryer, grease trap fridges and coffee machine owned by the business.

  • Staffing

    - 1 f/t owner + 2 full-time staff.
    - Wages are approximately $2,000/pw ex owner.

  • Trading Hours

    - 5 days - Mon. - Fri. - 630 a.m. - 400 p.m.
    - Closed Saturday to Sunday

  • Sale Reason

    Owner also has an accounting business and can't manage both at the same time.

  • Business Potential

    - An active and experienced owner operator working full time in the business could easily reduce wages and increase profits.
    - Could improve this business by offering catering to the local businesses. - could open for Saturday morning Trade.
    - Also the potential to put in place online delivery services for a quick boost in sales.

  • Brokers Comments

    - Outgoings are included in lease figure.
    - Special arrangement with coffee bean supplier.
    - Finance options may be available.

Location

Contact Information

Broker Details

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Robert Su

Member since 6 months ago
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Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or broker. Some photos are used as a representation of the services or location of the listing, and are therefore not necessarily photos of that actual business.