Village Convenience

Description

General Description
Convenience store with two levels – Ground floor sells grocery items, fruits, hygiene products, cigarettes, beverages, confectionery, ice cream, pharmacy items, mobile recharges etc. – Cafe on second level seats 80 and serves hot beverages, approx. 7kg of coffee p.w., cakes, muffins, sandwiches etc.

Potential
The cafe space on the 2nd floor is currently under utilised and could operate a full menu restaurant or cafe. – Option to sublease to another operator – Convert the upper floor for office use or sub-lease for other uses (STA)

Features
Prime location with regular clients – Low rent – Recent fitout – Long lease

Premises
Two level premises with a total area of 200 sq. mts.

Location
Situated in prime location on the ground floor of a a large apartment complex with 900 residents in Lower North Shore.

Suburb
Lane Cove (Hidden)

Trading Hours
7 days – Mon. – Sun. – 6:00 a.m. – 12:00 p.m.

Lease
Current lease expires May, 2021 + 5 + 5 year options. – Annual 4% C.P.I. increases – 3 months bond.

Sale Reason
Health reasons.

Employees
1 owner + 2 fulltimers + 1 casual

Comments
Misc. – 1 – Eftpos merchant fees. – Misc. – 2 – GST & tax obligations. – Currently the cafe is managed by convenience store employees on demand, and not operating as a fully functional cafe. – The business is currently under management – a new owner can save significantly on wages if owner operated. – May suit family or couple or investor. – Rent and lease is for both levels.