5 million really? I assume they own the property and the cafe is...

5 million really?

I assume they own the property and the cafe is making an absolutely insane amount of money per week after managers wages?

If it’s leasehold - to
Get to 5 million valuation it would have to have a weekly turnover to blow
The Richter scale off the blocks together with an amazingly cheap long lease

Google cafes for sale in Sydney - leaseholds claiming 40 k per week/ 5 days/ asking 1-1.2 m
Doesn’t mean they get the asking price

This place in bondi must be very special indeed if owners think it would fetch 5 m imo- i
Might have to go experience a latte down there- that’s asssuming I can get in as I think there must be a thousand others trying at all times of the day

I’ll let you know what I see