Neighborhood Cafe With Charm! Prime Location-new Lease!

Neighbourhood Cafe with charm!

A neighbourhood cafe with charm that is truly rare! This bustling business, operating for over ten years, is on the market for the first time since it began trading. A well-established cafe with a vast regular customer base on the lower north shore is looking to sell.

The cafe is situated in a prime location with minimal competition nearby. It has been operated by the same owner for almost a decade, establishing itself as a well-known spot where locals and tourists alike visit regularly. The business generates an average weekly turnover of just under $17,000, with low rent considering the area.

Key features:
-Prime Location
-Low rent
-On-street parking available
-New Lease until 2030
-Weekly turnover $17,000 on average
-Supportive Landlord
-35 kg Coffee weekly

Ideal Ownership:
The new owners should ideally be hands-on, as this cafe thrives on exceptional customer service and building rapport with returning clients. If you are seeking a passive investment and intend to leave operations entirely to the staff, this business is not for you. The neighbourhood's demographic demands an engaged owner, as it is located in a well-known, affluent suburb on the lower north shore of Sydney.

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

Lease Details
6/24-6/27 Option of three years until 2030
$89,429.52 plus GST per annum
3% increase yearly

Premises Details
73 square meters

Staff Details
Owner works Full time with multiple casuals

Opening Hours
Monday to Friday| 6:30 am to 4pm
Saturday & Sunday | 7 am to 4pm

Opportunity
Growth Potential:
Trading seven days a week, there is still room for growth, and the demand for coffee and quality food continues to rise. If you believe this business could be right for you, please make an inquiry today, and I will give you a call to discuss further.

Disclaimer: All numbers reflect an average over the last 12 months and can be verified at due diligence stage.

**Weekly**
Coffee Sales 35kg
Sales $17,000 on average
Rent $1,700
Wages $3,800
Net Profit $2,420 (17%)