NEW

LONG ESTABLISHED ICONIC CAFE - DOUBLE BAY - SYDNEY EASTERN SUBURBS

For sale by ABBA Group | James Yu

Ads Details

Business Headline : Owner is listening to ALL offers Iconic Cafe - Double Bay - Sydney Eastern Suburbs


Price : $500,000


Category : Food/Hospitality, Cafe/Coffee Shop, Restaurant, Alcohol/Liquor


Owner is listening to ALL offers Iconic Cafe in Eastern Suburbs.


This Cafe has been known for decades as \"the\" destination venue in Double Bay.


Key Features:



  • Liquor Licence with late night trading

  • Large space with under utilised Bar area

  • Full Kitchen and Cold Room

  • Great street frontage, with indoor/outdoor seating


Opportunitity:



  • Promote Bar area as wine bar

  • Can be run under management, suit investor


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4475167#enquire-now

Annual Rent : $650,000 -
Weekly Rent : $12,500


Annual Turnover : $3,640,000 -
Weekly Turnover : $70,000


Annual Gross Profit : $2,548,000 -
Weekly Gross Profit : $49,000


Annual Ebit : $520,000 -
Weekly Ebit : $10,000


Premise : Leased


Lease Commencement : Oct 2009


Lease End : Oct 2019


Lease Option:
5 years


Total Floor Area : 400 Square Metres



Franchise : No


Approximate Stock Value : $20,000


Days Trading : 7


Staff Salaries : $720,000


Reason for Sale : Other business interests


Location : Double Bay


Business Potential : Wine Bar

uniqueID : 4475167

Contact

Name:James Yu

Phone:0416 679 858

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