Sandwich Shop And Catering Business In North Sydney For Sale

Business description

Gourmet Sandwich Shop, salads and takeaway foods. Catering for business lunches, morning & afternoon teas.
Good turnover. Monday to Friday trading in North Sydney out of main CBD.
Good scope to build business
Annual turnover approx $300k. Selling price $160K.

Property information

Real Estate:

Lease

Lease terms:

5yr lease with option for another 5years

Leasehold rent:

$30,000 pa approx per annum

Living accommodation:

One bedroom flat above business, currently leased

Location:

Main street location, surrounded by schools and small businesses.

Premises details:

Street front shop with small residence above, presently leased.

Business Operation

Expansion potential:

Potential to grow business is good

Competition / Market:

No serious competition

Reasons for selling:

Owner moving on

Trading hours:

Mon - Fri 8am - 4pm

Employees:

1.5 employees plus 2 owners

Years established:

approx 20 years has been food business.Current owners 4 years

Other information

Support & training:

Support and/or training is available to prospective buyer

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)