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Locally Renown Takeaway Food Coffee Business For Sale

Sydney, New South Wales, Australia
Asking Price:
$300,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$545,707 (AUD)
Cash Flow:
$96,460 (AUD)

The business has been located at the same address for over 20 years and is very well known by the locals and tourists alike. The business specialises in Takeaway Burgers, Seafood, Fish & Chips, Soft Tortilla Tacos, Milkshakes, Fresh Juices, Smoothies & Frappes. The business is only 1 block from the beach.

Combining the location and the newly refurbished shop, the business owner has created a whole new loyal customer base. The business has become an institution for locals to grab their fish and chips and head down to the beach for either Lunch or Dinner.

Key Points
• Location, Location, Location. With the business situated only a block from the beach but also on one of the suburbs busiest thoroughfare.
• The business has recently been upgraded with a new fitout and signage
• Ability to extend opening hours has been approved
• Long term suppliers.
• Cheap rent compared to other hospitality businesses in the area
• Strong reputation of quality food

Plant & Equipment
Summary
1 x 6 Gas burner Cook top
1 x Deep frier
1 x Cool Room
1 x Coffee Machine
1 x Drinks Fridge
All tools and other equipment used in store are included in the sale
Recent fit-out worth close to $100,000

Property Information

Real Estate:

Lease

Lease Terms:

Current lease ends in September and then a 5 x 5 option is available

Leasehold Rent:

$35,412 (AUD) per annum

Location:

Northern Beaches

Premises Details:

The location of the business has thousands of passing traffic numbers every day plus attracts locals as well as the tourist trade. The area has permanent and transient residents.

Business Operation

Expansion Potential:

The owner has been granted verbal approval from the local council that he can expand the opening times so that he can cater for the early morning coffee drinkers and breakfast customers.
The opportunity to build on the existing customer base can Not be under estimated. The location of the business has thousands of passing traffic numbers every day.
The new owner could cater to the “coffee” crowd for the many early risers in the area.

Competition / Market:

There is no immediate takeaway food businesses within 500 meters of the business

Reasons for selling:

The owner has bought other businesses and is looking to move to a different sector of the food retail business.

Trading hours:

9.30am to 8.30pm 7 days

Employees:
8 casual
Years established:
20

Other Information

Support & training:

Owner is willing to train new owners for 2 weeks

Furniture / Fixtures value:
$100,000 (AUD) - included in the asking price
Inventory / Stock value:
$5,000 (AUD) - included in the asking price

Contact Information

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