Cafe -Restaurant - Bar - Under Management - Restaurant -Bar - Cafe - Under management - Nets over $12,000 p.w. -City Fringe - SM1522

Cafe -Restaurant - Bar - Under Management - - Agent SBX Code Number: SM1522

Fully licensed bar / restaurant selling beer, wine and fusion foods with 250 sq.mts. inside with 150 seats plus 72 seat outdoor setting. The business has an excellent setup with good lighting, sound-proof sound system, full functional air-conditioning and heating.

Potential
This business has an opportunity to open for breakfast and add coffee for which there is a strong demand.

Features
Under full management - Fully licensed with 11 taps installed - The business regularly holds corporate meetings, after-office drinks and large group meetings.

Premises
Business has 250 sqm with top fit out. 26 meter wide of shop front and high ceilings.

Location
Situated in City Fringe street front of busy shopping centre with more than 5000 apartments in the area and a lot of new developments under construction around the shop.

Trading Hours
7 days. - Mon. - Sat. - 1130 a.m. till late. - Sun. -1130 a.m - 10 p.m.

Lease
Current lease expires 27th May, 2027 - New 5 year lease is available for approved purchaser. - 5% annual increases. - 3 months Bank guarantee.

Employees
6 full timers + 3 part timers + 8 casuals.

Comments
Misc.-1 - $144 software and IT support fee etc. - Misc.-2.- $800 Live Music DJ payment. - Under fully management. Vendor does paper work only. - Dont miss out. Call your broker for an inspection. Staff are not aware. Inspections only through your SBX Broker. - The weekly takings of $55,000 p.w. is true turnover and without GST.

Figures
Weekly Sales $55000
Rent (ex GST) $4383
Wages $15000
Profit $12043

Agent SBX Code Number: SM1522 - SBX Business Brokers

For more details, please email broker or call agents.