Olivo Cafe Restaurant Bar 

$350,000.00 Tax includes

Castle Hill

SKU: FQ1117 Categories: , ,

Description

General Description
Cafe – Restaurant – Bar serving delicious breakfast menu, lunch specials and dinner selection. – Also serves approx. 10 kgs. premium coffee p.w., alcoholic beverages, freshly squeezed juices, smoothies etc. – Fully licenced – 50 seats inside and 30 seats outside. – Menu includes woodfire pizzas, pasta, risottos, salads, burgers, wraps, sandwiches, bacon benedict toasts and mains (e.g. lamb shanks, chicken parmigiana). – Excellent margins on coffee and alcoholic beverages.

Potential
Unlimited potential to offer catering to nearby businesses, offices, schools & churches – Could drive more sales using ads, marketing, social media – Could use UberEat, Menulog and other online order websites to boost sales

Features
Excellent location – No food court or similar competitors nearby. – The only business offering wood-fire pizza and Italian menu within area.

Premises
Recently refurbished with alfresco and restaurant dining area of 300 sq.mts.

Location
Prime location near walkway between 2 buildings leading into a shopping centre in North West Sydney.

Suburb
Castle Hill (Hidden)

Trading Hours
7 days – Mon. – Wed. – 9:00 a.m. – 5:30 p.m. – Thurs. – Sun. – 9:00 a.m. – 10:00 p.m.

Lease
Current lease expires Aug. 2021 – 4% annual C.P.I. increases. – 6 months bond. – Lease includes a separate storage area of 50 sq.mts.

Sale Reason
Family reasons

Employees
1 owner + 1 fulltimer + 8 casuals

Comments
Licenced to operate until 12 midnight. – Ideal venue for functions, business meetings, relaxed morning breakfast and family outings. – Misc.- 1 – refers to eftpos merchant facility fees. – Misc. – 2 – refers to liquor licence renewal & other fees.

 

Figure Display Type Regular
Weekly Takings $20,000
Cost of Goods $5,500
Gross Profit $14,500
Rent $3,187
Outgoings $
Wages $6,000
Telephone $15
Insurance $80
Electricity $250
Gas $250
Misc 1 $140
Misc 2 $50
Total Expenses $9,972
Nett Profit $4,528
Price $350,000
Estimated Stock $20000
(Additional)
Equipment $
(Included)
Residence 0
Premium no
Undisclosed no

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