Restaurant Food/Hospitality Business for Sale

Coogee 

$259,000Play Video

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Restaurant Food/Hospitality Business for Sale in Coogee

Eastern Suburbs Gem! Cafe / Restaurant in an Iconic Beach Side Location. Low Rent!

A fantastic opportunity to own a great business in an iconic Eastern Suburbs Beach location! Low rent, great lease term, profitable, valuable assets included and run under management for 2017!

Location Details
Only a stone's throw from the beach in a very popular location in the Eastern Suburbs of Sydney. Rent for this premise is incredibly low for this location, making this opportunity too good to miss!

Potential
The potential here is endless! Expanding on night time trade, a stronger focus on coffee sales, utilising the full bar liquor licence, continued to be run under management or for an owner operator to take the reigns and maximise the profits!

Currently, the business does not utilize proven delivery services like Uber Eats, Menu Log etc. This provides scope for a new owner to put this in place and achieve new revenue streams.

Skills
Hospitality experience would be ideal but can be continued to be run under management.

Hours
Trading 7 days and 3 evenings.

Lease
5 x 5 x 5

Employees
8 employees

Reason for Sale
The owners have a young family and are looking to relocate out of Sydney.

History
Established in February of 2014 by the current owners, it has been run under management with limited owner involvement in the cafe/restaurant day-to-day operation.

About the Business

Over $1,000,000 in revenue for the 2016/2017 financial year! The business was run under management for the previous financial year and profits were approximately $150,000. Should an owner operator take the reigns, there is huge opportunity to maximise the profits.

The lease is 3 years into its first term with another two 5-year options to follow! Significant value in the fit out and assets at approximately 250k. A full bar liquor licence and 22kg of coffee sold per week. Opportunity knocks loudly here!

A few facts about this Cafe:

- A full bar liquor license

- Over $1m in annual revenue

- Extremely affordable rent with a great location

- Great assets & fit out included!

For more information on this opportunity, please contact the undersigned:

Paul Smith
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0420 550 433 T: 1800 858 696 E: p.smith@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au andcomplete our online confidentiality agreement. Use thereferenceID 1709335 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Categories:

Restaurant, Cafe/Coffee Shop, Takeaway Food

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