Under Management Cafe/Restaurant - Turnover Exceeds 1.6 Million - Low % Rent

Sydney, NSW

Food/Hospitality / Cafe/Coffee Shop, Restaurant Rural / Aerial
$1,100,000
Listing ID1815211

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An opportunity exists to acquire a busy, licensed cafe/restaurant in North West Sydney. The business stands out with its edgy menu, inner-city vibe and chic atmosphere.

Location Details
Located in the North West of Sydney with a vibrant inner city feel. The business is an affluent, high traffic family area surrounded by prestigious private, independent & high-performing government schools.

Potential
The potential in this business is endless. Currently awaiting DA approval from the local council, this will allow increased trading hours to 10pm, 6 nights a week, an extension to the current trading space which essentially doubles the internal trading floor and an increased car park capacity.

Skills
Restaurant and/or Cafe hospitality experience will be required.

Hours
Mon to Fri - 6am to 4pm
Sat - 7am to 3pm
Sun - 8am to 3pm

Lease
Current lease expires on the 14th of June 2020, with a 5 year option thereafter. The second shop expires August 2021.

Employees
2x Full time
14x Casuals

About the Business
Sitting on the rural fringe of Sydney's Hills District, this cafe/restaurant has built a highly regarded reputation that reflects the businesses consistent revenue.

Everything in the business is designed to provide a premium experience, from the decor through to the menu, the choice of ingredients and the boutique brands of beers and wines. This is the type of place to linger and enjoy, to take a few moments and relax.

A few facts about this opportunity:
- Turnover exceeding 1.6 million
- Run under management
- Low percentage rent
- Superb location
- Highly popular vibe, well renowned


For all enquiries 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

Or

Peter Barrett
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0474 378 411 T: 1800 858 696 E: peter.barrett@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1815211 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, owners salaries, directors benefits, personal expenses, non-recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.