Thriving Café and Bar business in Newcastle for sale
Description
- Prime location in the heart of Newcastle, just a 5-minute walk from the train station
- Surrounded by residential houses, 7 banks, and 4 real estate agencies, ensuring a steady flow of potential customers
- On-Premises Premium liquor license allows alcohol service from 5am to 2am without meal requirements or security guard. License paid until September next year (valued at $6000)
- Impressive average weekly sales of $15,000, operating 5.5 days per week
- Rental cost of $85,000 per annum. 5-year lease commenced in 2020 with two 5-year options
- Landlord has agreed to negotiate or sign a new lease to accommodate the new owner’s needs
- Recently renovated in April 2021 with new carpet tiles, extended front door and windows, brand new outdoor gas heaters, tables, chairs, fridges, and freezers
- Experienced FOH staff and chefs have been with the business for a long period and are willing to continue with the new owner
- Training available upon request during the transition and established relationships with reliable suppliers
- Eligible for Permanent Residency Pathway/Migration Programs for both the company and the Café/Restaurant
Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale.
THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BYANYONE ON HIS/HER BEHALF.
Overview
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ID 49
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Type Café/restaurant
Address
Open on Google Maps-
Address Newcastle
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Country Australia
Details
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Property ID 49
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Price $120,000
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Property Type Café/restaurant
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Property Status Sold