Ref 2905, Cafe, North West

Ref 2905, Cafe, North West
308A Kingsgrove Road

Buying 2 shops for the price of one, Lobby plus cafe with full kitchen!
Cafe 206.7sqm, Lobby Espresso 61.3sqm.

It’s 100% leased – expected occupancy should be 4,000+ but at the moment only approximately 20%. Fully occupied building with 1 Government tenant.
Further development/construction adjacent to main building.
As people are coming back the turnover will increase dramatically.

55kg coffee.
Very low rent – Clean, very long lease.
Cost of fit out about $1,200,000.

This is one of the best lobby/cafes in North Ryde.
One shop is currently operating, the other will re-open when everyone comes back into the area.

A MUST to view – endless potential!

TURNOVER: $28,000+
PROFIT: $5,000
LEASE: 8+5, Commenced 28.02.2022
RENT: $2,420.77pw for both shops ($125,880pa)
Outgoings $783.52 per week
WAGES: $5,520
STAFF: Fully Under Management, 1 Full Time, 6 Casuals
TRADING: 5 days, Monday – Friday 7.00am – 4.00pm

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