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Cafe – Great Location In Dee Why For Sale

Dee Why, New South Wales, Australia
Asking Price:
$299,000 (AUD)
Sales Revenue:
$11,000 (AUD)
Cash Flow:
$1,890 (AUD)

This established cafe is a destination for the locals as well as benefiting from a large number of commuters and visitors to the area. This cafe boasts a strong online presence and following, with very favourable reviews.

A perfectly positioned cafe in the sought-after suburb of Dee Why, with no discernible competition. Primed and ready for a new operator to continue to harness the potential of the location.

The lockdowns did not affect the business profit-wise. For the Financial Year 20/21, sales averaged $11K per week. There are approximately 5 years remaining on the lease.

This cafe is located not far from bustling Pittwater Rd and residential buildings, commercial buildings and shops, it is currently open 7 days a week from 5.30am-2.00pm.

This cafe has a commanding position at the bottom of a residential building, providing breakfast, lunch, coffee and beverages to its patrons. Plentiful free on street and commuter parking is available nearby with untimed free parking on the weekend.

Staff No
The business is currently run by a manager and four/five casuals.

Lease Info
The 3 x 4 x 3-year lease commenced in October 2017. - 5% increases - A Three month bond is required.

Trading Times
7 days - 5.30 a.m. to 2 p.m.

Size of Premises
Approx. 90 square metres. - Toilet, Full commercial kitchen and store room. Outdoor seating area.

Opportunity
Extend the trading hours, apply for a liquor license and operate as a restaurant in the evenings. Establish a catering side of the business. Utilise online ordering platforms for home delivery

**Weekly**
Coffee Sales Per (Kg) 35-40kgs
Turnover (inc GST) $11,000
Rent $660
Wages $3,039
Net Profit​ $1,890

Property Information

Real Estate:

Lease

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