Template FC

CODE	FP548
BUSINESS TYPE	Cafe/Restaurant
AREA	Inner City Suburb Concord
BUSINESS ESTABLISHED	2006 approx
LEASE	New Lease to Be Obtained Negotiable
RENT	$650pw inc (no gst applicable)
TRADING HOURS - WEEK DAYS	Monday - Friday 7am- 4pm
TRADING HOURS - WEEK ENDS	Sat 7.30am- 10pm
AVERAGE TURNOVER	$9,000 approx
NUMBER OF STAFF	Floor- 1 Full Time Waiter + I owner works Full time/ 2 owners work part time 28 hrs total Kitchen- 2 F/T Chefs
REASON FOR SELLING	Partnership Break-up
GENERAL INFORMATION	An opportunity exists to purchase a quality built café/restaurant situated in the inner city suburb of concord. This business will suit operators that have a concept in mind, or restaurateur looking for quality premises without the hassle of building. The vendors had spent developing this café/restaurant well over the asking price! Interested parties that are looking for premises to develop within the inner city suburbs would be advised to consider this business. The area is restrictive as far as food out-lets are concerned, due to the council requirements for car parking. Under section 94, car-parking contribution, the vendors have indicated the costs for the development approval of a café/restaurant can exceed $150,000. (It is advisable to confirm this figure with council and the vendors) A new lease can be negotiated at a rental of $650.00pw inclusive.
ASKING PRICE	$295,000 neg ( well under cost)