Very Profitable And Heavy Foot-traffic Cafe In Ryde Business Complex.
Description
About the Business
The ideal lifestyle café business operating 5 days a week and closed on weekends and public holidays for your break.
The café profitable and thriving business are from the large and well-known commercial tenants in the surrounding office towers.
Uniquely considerate as a canteen style café as it is constantly being used by the office workers above for breakfast, lunch and ad-hoc meetings due to it large seating under covered area.
Rarely you will get this opportunity to own or run a café that is long standing and has potential to grow with you!
Average of last 3 Month Sales is $39,000 per month and with an average net profit of $17,200 per month.
Trading Hours
Mon – Fri: 6:30am – 3:00pm, Weekends & Public Holidays: Closed.
Employee
2 x Full-time, 1 x Part-time.
Lease
The Lease commenced February 2011 with 12 years + 5 option therefore expires February 2028 with 3.5% annual rent review and 6 month bond.
New Lease proposal offered by Landlord will be:
5 Years + 5 Years terms.
Base Rent $50,000 + GST per annum
20% Rent Incentive for 10 Years.
Annual Rent Review of 3.5% fixed.
Strengths & Potentials
✓ This Café has been operating since 2006 and is well supported by the Landlord.
✓ No competition as this is the only Café inside the business complex.
✓ Regular catering accounts to some of the major tenants in the office towers in the area.
✓ Constant all day foot traffic from hundreds of office workers in the surrounding commercial towers.
✓ Large under covered seating capacity to accommodate large crowd and bad weather conditions.
✓ The surrounding office towers are fitting out for new tenants which will increase customers in the café.
✓ Office workers are advised to come back to office more often therefore the café will be busier.
✓ Potential to open on Weekends for visitors to the Lane National Park nearby hence increase sales.
✓ Utilise the large eatery area for weekend functions and introduce flower sales using the offsite Coolroom.
Property Code: 66
Overview
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ID 66
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Type Café/restaurant
Address
Open on Google Maps-
Address Ryde
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Country Australia
Details
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Property ID 66
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Price $150,000
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Property Type Café/restaurant
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Property Status Sold