Newtown Cafe/patisserie Under Management, $29k/week

This under management cafe/patisserie is located in the bustling, vibrant and densely populated Inner West suburb of Newtown. Recent updates in equipment make the operation more efficient, increase production, reduce labour costs and increase profitability
The cafe has no shortage of year-round trade as well as a growing and profitable wholesale bakery business. Everything is made in-house so it provides the cafe with a point of difference in its offering which cannot be replicated. Seats 25, fully licensed and well equipped. Run under management, so no experience in baking required as the team in place is very strong and the products made are simple. Training/handover can be provided. No overnight baking or preparation.
Currently operating seven days a week from 10am until 8pm (Sunday 11am to 6pm). The core business is generated from the cafe which sells a wide variety of sweet and savoury products. The business also has an established and growing wholesale revenue line which has grown and will continue to grow considerably over the next few years if the emphasis is applied. A new owner could continue to expand this side of the business as there is strong demand for the products and limited competition.
The opportunity also exists to open additional retail shops/kiosks as the production space could be further utilised.
Run under management by an established team, the business shows great average sales of $29k/week for FY24. The staff roster is well structured and efficient with production hours for the bakers operating staggered between the hours of 6am to 4pm. No baking experience required! Training can also be provided.
The business has achieved a level and branding that many would be envious of and would make a highly desirable acquisition to any purchaser willing to look at further reigning in the costs and expanding the retail and wholesale presence.
Lease Details
The Lease commenced on February 4, 2022 and expires on February 3, 2025
A 2 year extension has been granted (taking the lease to February 3, 2027)
Further Option may be available to approved purchasers.
3% rental increases annually and at the Option.
No guarantors.
Premises Details
The business is in excellent condition and occupies approximately 138m2 (74.17m2 BOH and 64.15m2 FOH) with seating capacity of 25 inside. Fitted with all the necessary bakeryequipment to enable expansion, including coolroom, ovens, freezers, mixers and benches. Male and Female toilets on site.
Staff Details
The business is currently run by the following staff:
Bakery:
1 x Full Time Savoury Cook
1 x Full Time Pastry Chef
1 x Casual Pastry Maker
1 x Full Time Pie Maker
1 x Full Time Kitchen Hand
1 x Casual Kitchen Hand
Cafe:
1 x Full Time Cafe Manager
5 x Casual Cafe Allrounder
Opening Hours
7 days
Mon-Sat 10am to 8pm
Sunday 11am 6pm
67 operational hours in total per week
Opportunity
Capture and grow the enormous goodwill and branding that this cafe patisserie has already established. Expand the wholesale operation, extract further profit from the retail operation and decrease the costs further these are all achievable targets for a more profitable business. Addition of further retail sites/kiosks is also an option. Opportunities like this this don't come along that often and if you are in the market for something special then this opportunity would be worth enquiring about.

** Weekly**
Coffee Sales 10kg
Sales $29,455
Rent $2,292
Wages $9,397
Net Profit $4,231