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Eastern Suburbs Cafe & Bakery Under Semi Management In Waverley For Sale

Waverley, New South Wales, Australia
Asking Price:
$395,000 (AUD)
Sales Revenue:
$1,244,932 (AUD)
Cash Flow:
$3,791 (AUD)

This well-established business is run under semi-management, the current owner works just a few hours a week in the shop. The business has been operating successfully for five years, the well-structured systems and processes that are in place make this an ideal opportunity for a first-time operator or an investor.

This is a well-positioned shop in the sought-after Eastern Suburbs, the business offers a wide range of unique products and has no immediate competition. The location has a lot of passing trade as well as a constant stream of local residents. The local school also brings a lot of additional trade, the sales of hot chocolate all year round are a strong compliment to the high level of weekly coffee sales.

The lockdowns saw the business (like many others) switch to a takeaway only model, although sales dropped during this period the business remained profitable. The takeaway side of the business has remained strong and sales are now higher than pre covid levels.

The cafe serves its customers a light breakfast and brunch menu and the retail side of the business offers a range of baked goods and snack items. As part of the set-up the business has a full commercial kitchen with an adjacent cool-room. The kitchen is well fitted and includes commercial grade bakery equipment alongside the usual cafe style kitchen equipment.

Upstairs there is accommodation that may be used by the owner of the business or staff members, this is included in the rent. The rent has recently been independently reviewed and has now been reduced, the new owner of the business will now benefit from this reduction. The lease has 15 years remaining.

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

Lease Info
The 5 x 5 x 5 x 5 year lease commenced in Dec 2017. - A four month bond is required.

Trading Times
7 days - Mon - Thurs 6 a.m. to 4 p.m. Fri - Sat 6am - 3.30pm 6.30am - 3pm on Sunday

Size of Premises
Approx. 100 square metres. - Toilet, Full commercial kitchen, cool room and storage room. Owners accommodation upstairs. Courtyard seating area.

Opportunity
The opportunity here is to capitalize on the location and the existing customer base. Since restrictions eased the current owner has not pushed the dine-in side of the business, this has great potential to be improved and to immediately grow the sales and profit of the business. The shop has a good size seating area internally as well as a sunny courtyard that could be further utilised.

The current owner is not working much in the business, a more present owner/operator could see an immediate improvement in sales and profit.

**Weekly**
Coffee Sales Per (Kg) 35kg Plus
Turnover (inc GST) $23,941
Rent $1,621
Wages $7,617
Net Profit​ $3,791

Property Information

Real Estate:

Lease

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