Inner City (east) Cafe – Seeking New Motivated Owner! Fit-out Cost Only!

Business For Sale Zetland, New South Wales 2017

Business Category Cafe and Coffee Shop

$69,000 plus SAV

Description

Inner City (east) Cafe – Seeking New Motivated Owner! Fit-out Cost Only!

This local neighbourhood cafe in the Inner East Suburb of Zetland is ready for an enthusiastic operator to harness the amazing potential of the location. Close to all modes of public transport and in a high population density suburb.

This established cafe is surrounded by high level residential apartment blocks and adjacent to an established commercial business precinct. Currently run under management as the owners have other priorities, it is crying out for a new owner to refresh the menu, open to normal cafe trading hours and reach previous sales levels. It is a destination cafe for the locals and businesses to the area whilst maintaining a local neighbourhood feel that cannot be replicated by ground floor cafes in new residential buildings. This cafe boasts a strong online presence and following. A full commercial kitchen and un-utilised spaces add to the appeal.

The lockdowns did not affect the business. For the Financial Year 20/21, sales averaged $7.8k per week. Personal circumstances have required the operating hours and days to be reduced, hence the reason for the sale. These hours can quickly be re-instated for sales to return to their previous levels. There are approximately 1+3 years remaining on the lease.

The cafe is known for its coffee, breakfasts, brunches and lunches as well as its weekly specials. A full commercial kitchen is in place with seating for around 18 people indoors and 6 outdoor/footpath dining. The possibility of resurrecting the unused courtyard space is also available.

The opportunity here is to capitalize on the location and solid customer base and with an enthusiastic approach expand the operating hours and days and seek out further market opportunities, including delivery and 7-day/night trade as well as expanding the food offering and exploring catering and the possibility of obtaining a liquor license (all STCA). Expand the menu offering to provide a point of difference in the area. Utilising the courtyard available is also an option.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is currently run under management with the following staff: 1 x Casual Allrounder 1 x Casual Cook/Allrounder 1 x Casual Barista/Manager Total operational hours for the business are 35 hours/week. The owner spends approximately 14 hours per week on the business.

Lease Info
The lease commenced on April 2, 2020 and expires on April 1, 2023. A further three year option is available, taking the lease to April 1, 2026. Annual rental increases are 5% with Market Review at the option. A 3 month rental bond is required

Trading Times
The Café is currently open 5 days a week (Monday to Friday 7am – 1pm). Previously open 6 days a week (including Saturday) with a coffee trade only in the morning on Sunday in FY21.

Size of Premises
The Café has approximately 119.7 m2 of footprint and has a full commercial kitchen is in place with seating for around 18 people indoors and 6 outdoor/footpath dining. The possibility of resurrecting the unused courtyard space is also available. The Café is maintained in great condition. The café is situated on a charming neighbourhood street and within close proximity train, bus and cycle way connections to the rest of the city. High density residential buildings and also commercial hubs surround the Café.

Opportunity
The opportunity here is to capitalize on the location and solid customer base and with an enthusiastic approach expand the operating hours and days and seek out further market opportunities, including delivery and 7-day/night trade as well as expanding the food offering and exploring catering and the possibility of obtaining a liquor license (all STCA). Expand the menu offering to provide a point of difference in the area. Utilising the courtyard available is also an option.

**Weekly**
Coffee Sales Per (Kg) 28
Turnover (inc GST) $7,381
Rent $1,438
Wages $1,435
Contact Seller

Bsale ID: 578018

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