Inner West Cafe For Sale - Institution! $28k Turnover Rent Prime Corner Location

Business For Sale Glebe, New South Wales 2037

Business Category Cafe and Coffee Shop Restaurant

$390,000

Description

Inner West Cafe For Sale - Institution! $28k Turnover Rent Prime Corner Location

*Exclusive to Network Infinity*

Opportunities like this do not come along often. A rare chance to snap up a Sydney Gem, this business is supported by great paperwork for discerning buyers.
An Inner West Icon for over 38 years, a well renowned establishment with a stronghold in this area
Best location along this suburban strip with corner location and great attraction for the heavy foot traffic in the area
Central location with plenty of schools, universities and major shopping district and prime location
Eclectic and unique menu means this is a sought after product: vegetarian offering that is famous in Sydney
Same owner for over 18 Years
Strong turnover that is consistent, this business has continued to thrive year in and year out
A long history with a strong and brand reputation attached to the sale
Free Parking next to shopping centre that trades until 9pm every night, with Coles & Aldi open until Midnight
Current turnover of $28,500 per week however prior to Covid19 the business was doing $36,000 per week.
The business is being sold on current figures so get in quick before turnover is back to normal with university students returning to the areaCurrent owner is only working 10 hours in the business and looking to retire. A new operator with fresh ideas and energy can truly unlock the potential of this business, such as adding in a liquor license as well as Delivery platforms like Ubereats/Menulog/Deliveroo.
Runs under semi management
Long Lease in place! Apartments upstairs are leased out which adds to income and reduces rent significantly
There is also opportunity for functions as well as to start catering again particularly as university resumes to normal numbers




Feel Free to Call

Garth
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The information contained in this correspondence and in all our business profiles is intended to be used as a guide only and contains information supplied to Network Infinity Business Brokers by other parties and is subject to change without notice.Network Infinity Business Brokers makes no warranty or representation and accepts no liability for the accuracy, completeness or authenticity of the information provided. Prospective purchasers are responsible for making their own enquiries and conducting their own due diligence of the information received from Network Infinity Business Brokers directly or via the business profiles. Nothing contained in this correspondence should be considered as constituting advice. Prospective purchasers are urged to undertake their own due diligence of the businesses and to seek independent advice on all matters, including all financial, legal and taxation matters which may arise out of the information provided and in relation to any agreements entered into hereafter.
Contact Seller
Garth Lawrence

Bsale ID: 536531
Broker REF: 2155

Network Infinity
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