Price Range: from $200 to $2,500,000
Land Area Range: from 10 m2 to 1,000 m2
Other Features
  • 1 year ago
  • 292 views

Very Profitable And Heavy Foot-traffic Cafe In Ryde Business Complex.

$150,000

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

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

  • Address Ryde
  • Country Australia

Details

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