A fully licensed Latin inspired cafe/restaurant & bar offering an all day food & drink, mouthwatering menu including breakfast, burgers, tapas, salads, cocktails, drinks and the best coffee. Vibrant and welcoming atmosphere perfect for any fiesta! Opened in 2012 this is a beloved local favourite and very well established in this busy and happening street in the heart of Western Sydney. New Owners will have the freedom to change the brand or continue with the same brand name and same weekly licence fee.
Asking price $498,000 plus SAV
Key Features
Average weekly turnover approx $26,000 - $28,000 p.w.
Reasonable rent at $3,150 pw ex gst (plus outgoings)
Fully equipped kitchen, cool room and storage room
Fully Licensed and open 7 days
Long new 10 year lease expires in 2034 for security of tenure
Size 101m2 - 50 Seats inside and 40 seats outside
Fully under Management - Would also suit an owner operator for a higher return.
Low Franchise/License fee of $300 p.w. inc gst (regardless of turnover)
Renovation spent $100K with new cool room, fridges, paint and new furniture
Weekly profit $6500 p.w.
The stage 1 light rail should be operational from mid-2024 which will increase foot traffic and revenue.
Surrounded by hotels, other businesses, office workers and residential. Enjoy the benefits of a well-established brand, training, proven systems and ongoing support.
A fantastic prime location with high foot traffic, excellent visibility and a sought after corner position.
This is an opportunity not to be missed and will not last at this price!
Listing ID: NSW11301
Broker Sukhdeep Mangat
Phone: +61 476 958 358
Email: sukhdeep.mangat@linkbusiness.com.au
Broker: Jan Forsyth
Phone: +61 411 510 610
Email: jan.forsyth@linkbusiness.com.au
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Keywords: Sydney, franchise, cafe, cocktails, restaurant, bar, mexican and Licensed
Ref: NSW11194
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Ref: NSW11301
Timestamp: 20240507013003
