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POPULAR CAFE & BAR – RYE

POPULAR CAFE & BAR – RYE

This is your one stop shop for great coffee, amazing food and incredible cocktails.

If you are after a casual bite in Rye, not far from the beach, then this popular venue is the perfect spot. With its bright laidback feel with offbeat décor this joint is a real hit with the locals and tourists alike. With a simple yet hearty menu packed full of mouth-watering brunch, sandwiches and burgers options and incredible custom house Commonfolk coffee, everyone’s tastes are covered including a walk-up side window for take away coffee for a quick coffee on the go. If you’re more interested in the night life Captains Bar operates during the silly season and is the local venue of choice for good tunes and great drinks. Captains Bar has a great selection of incredibly tasty cocktails along with a wide range of local & imported beers available, matched with an extensive range of bar snacks.

The presentation of this iconic venue is impeccable, along with its incredibly friendly and quick service, you can see why it has fast become the place to be seen in Rye over summer.

Call Michael to inspect on 0423 287 048 and settle ASAP to make the most of this little “money maker”.

BUSINESS HIGHLIGHTS:
Sales of $1.65 million p.a
Profit in excess of $410,000 p.a
45kg of coffee a week
Run under semi management
Café open 7 days from: 7am – 4pm, Bar open Friday, Saturday & Sunday:4pm – 11pm (from late December till May)
Seat: 70 inside, 12 outside & Back Bar seats 60
All equipment in excellent condition and included in the sale

BUSINESS STRENGTHS:
Easy to operate and high profit margin menu
Fantastic location in the heart of Rye opposite the beach
Current owner has had it for 2 years
“Café & Restaurant” Liquor license until 11pm for full venue
Upstairs is a 2 bedroom apartment currently leased out at $350.00 per week
$100,000 recently spent on renovating the venue

LEASE AND RENT:

Term: 10 years remaining on current lease
Current weekly rent: $2,200 including GST approx.
Rent reviews: CPI annually
Size: 250m2

ASKING PRICE: $950,000 + Stock

BE QUICK – There is still time to settle over SUMMER!

Call Michael on 0423 287 048 to arrange your inspection TODAY!

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