Ref 2905, Cafe, North West

Buying 2 shops for the price of one, Lobby plus cafe with full kitchen!
Cafe 206.7sqm, Lobby Espresso 61.3sqm.
It's 100% leased - expected occupancy should be 4,000+ but at the moment only approximately 20%. Fully occupied building with 1 Government tenant.
Further development/construction adjacent to main building.
As people are coming back the turnover will increase dramatically.
55kg coffee.
Very low rent - Clean, very long lease.
Cost of fit out about $1,200,000.
This is one of the best lobby/cafes in North Ryde.
One shop is currently operating, the other will re-open when everyone comes back into the area.
A MUST to view - endless potential!
TURNOVER: $28,000+
PROFIT: $5,000
LEASE: 8+5, Commenced 28.02.2022
RENT: $2,420.77pw for both shops ($125,880pa)
Outgoings $783.52 per week
WAGES: $5,520
STAFF: Fully Under Management, 1 Full Time, 6 Casuals
TRADING: 5 days, Monday - Friday 7.00am - 4.00pm