Lower North Shore Café/Restaurant – High Street Position

For Sale $149,000 plus SAV
Property Details

Mosman, NSW 2088

For Sale $149,000 plus SAV
Description

- Mosman NSW

This Lower North Shore Café/Restaurant is located in a neighbourhood high street strip, nestled amongst other retailers which make the area a local destination.

Surrounded by a mixture of apartments and established homes, with a relatively high volume of passing traffic, easy off-street parking and in close proximity to a local school and businesses, this café has all the ingredients for a successful operation.

The café has a full commercial kitchen with a grease trap and exhaust system, full walk in coolroom, office space, security system and POS system. The ground up renovation of this business was only completed approximately two years ago.

The dining area has approximately 50 seats, with 10 on-premise outdoor seating. There may be scope for further footpath seating subject to Council approval.

The café has been established in its current format for two years and it currently trades seven days serving breakfast and light lunch with a five day (Tues-Sat) dinner service that is sub leased and ready to be incorporated into the main business. A healthy Uber Eats income stream also exists.

Highly motivated vendor selling for well below fit out cost, this business will not be on the market long.

Perfect first business with state-of-the-art equipment and finishes to trade as is or to buy, rebrand, obtain liquor and footpath licences (STCA) and create a specific cuisine destination for an experienced operator.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

 

Property Features
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Years Est


Years With Current Owner


Staff No
The business is currently run by the owner and a 1 full-time chef, 1 casual Chef, 1 full-time barista,1 casual barista, 2 casual waiter/waitress and 2 casual kitchen hands.

Lease Info
The 3 x 5 x 5 year lease commenced in Sept 2017. – 3.5% increases – A six month bond is required.

Trading Times
7 days
Cafe Monday – Friday 6am - 3pm Saturday & Sunday 7am - 3pm
Restaurant Dinner Tuesday – Saturday 5pm - 10pm


Size of Premises
Approx. 90 square metres trading area (50 seats) - Toilet, Full commercial kitchen, cool room, fridges, freezers and store room. Touch screen POS (able to accommodate a restaurant operation) and built in sound and video security system. Small office area for administration tasks. Outdoor on-premise seating area (10 seats).
Only the coffee machine and grinder is leased. Owned equipment: 3 fridges, vitamix blender with 2 jars, milk shake mixer, 2 POS terminals, Bose sound system, twin fryer, flat grill, bench top oven/toaster, under bench oven, Rational oven, wash tech dishwasher, 2 freezers, 1 walk in cool room, 4 gas heaters inside.


Opportunity

Operate as a full restaurant in the evenings by owner with a specific cuisine (maintaining the café trade). Rebranding possible to clearly convey nature of business and operation. Apply for Liquor and Footpath licences.  Establish catering for local businesses.



Note to buyers


Seats Inside


Seats Outside


Stock Value