Stanmore Village Cafe – 6 Days, Low Rent, Long Lease, No Lease Guarantors

Please note the business is sold on its assets, lease and location. A rebranding is required.

This Stanmore cafe is currently run at minimum levels under management and requires a rebrand as well as a change of offering. It desperately needs to be a cafe again! This is a well-positioned business in the sought-after Inner West suburb of Stanmore and has a pride of place along the picturesque high street village. Not many opportunities like these come to market in Stanmore. The business is sold on fixtures and fittings only sales do not form any part of the due diligence. A car space is included!

The location has good passing trade as well as a constant stream of local residents. The local schools also bring additional customers as does the proximity to the train station and the nearby park. Additionally, complementary adjacent restaurant/take-away businesses make the area a food destination for the locals.

The cafe currently serves its customers ONLY pre-made breakfast and lunch items via a very small range of sandwiches, sweets and snack items. This is by choice of the current owner. There is no cooking done on site although previously a greatly expanded breakfast and lunch menu was on offer which more than doubled the current sales and should be investigated to be reintroduced with required approvals.

The lease has 9 years remaining including the option and the rent is $670 plus GST per week.

The opportunity here is to capitalise on the location and the existing customer base. Re-establish a breakfast menu with necessary approvals and open on Monday. Additionally extend the Monday to Friday trading hours slightly to capture the after-school trade.

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

Lease Details

The 5 x 5 year lease commenced October 1, 2022.

With the Option, the lease expires on September 30, 2032

A six month guarantee is required.

Premises Details

Approx. 90m2 Car Space, Toilet, no commercial kitchen, mezzanine food prep and storage room. Indoor searing for 20. Outdoor/Footpath seating area for 12 (STCA).

Staff Details

The business is run under complete for a total of 49 operational hours:

1 x Full Time Manager/Barista

1 x Casual Barista

Opening Hours

6 days (Closed Monday)

Tue Fri 6:30 a.m. to 3 p.m.

Sat Sun 7:30 am 3 pm

**Weekly**

Coffee Sales 12Kg

Weekly Sales $8,802

Rent $670

Wages $1,575

Net Profit $2,130