Food, Beverage & Hospitality business for sale in North Sydney
- Food, Beverage & Hospitality
- North Sydney NSW 2060
- $375,000 plus SAV
Lower North Shore Café/Bakery
This well established Lower North Shore Café and bakery is located on prime corner position and has a huge amount of passing traffic each day.
The café side of the business has a full commercial kitchen with a grease trap and exhaust system and gas range.
The Café serves a range of breakfast and lunch dishes and also has reasonably strong coffee sales of around 35kg per week. When the owner was more present in the business this retail side of the business was doing twice as much as now and coffee sales were over 60kg. The has been no change to the level of competition in the area and there is a huge opportunity for a new working owner to rebuild these sales.
The dining area is spacious and well laid out, the shop has a high spec fit out with high quality fixtures and fittings.
The current owner of the business has gained permission from the landlord to sublet part of the retail space if required. The permission includes two option, one space of 44m2 and the other of 80m2. These spaces would allow for a convenience store or tobacconist style operation, both are in demand in the area.
The current achievable market rent per m2 for the sublet space is approx. $750 this would result in a reduction in the current rent of between $33,000 and $60,000
The wholesale side of the business has plenty of room to expand, due to other commitments the current owner has scaled this back by about 50% as he is unable to dedicate enough time to the business. A new owner could further utilise the current staff, equipment and storage to grow the wholesale business, there is very little wholesale competition in the area.
The bakery/cafe has been established in its current format since 2009 and it trades seven days from 6am until 3pm (opens 6.30am weekends)
The motivated vendor has priced the business to sell, this is a great opportunity to take on a business that has plenty of room for future growth.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
The 5 x 5 year lease commenced in Sept 2014. – A new lease or additional term may be negotiated.
CPI. increases – A three month bond is required.
The current tenant is also close to finalising negotiation on a rental reduction of around $28,000
7 days – Mon – Fri 6 a.m. to 3 p.m.
Saturday and Sunday 6.30am – 3pm
Size of Premises
Approx. 250 – 300 square metres. - Full commercial kitchen, full bakery production, storage and toilets.
|Floor Area||Ask Business Broker|
|Parking||Ask Business Broker|
|Annual return||Ask Business Broker|
|Last updated||4 Sep 2019|