This bustling café/espresso bar is known throughout Crows Nest for its exceptional coffee and targeted offering. The rent is low (4% of turnover), there are no outgoings and the lease is long! The operation is remarkably easy to run! High foot traffic with the new Metro Station opening next year sure to bring more!
The Vendors have created a non-complicated and streamlined process to operate under management, whilst maintaining low labour costs and increasing profitability. A very simple operation, with quality products, that separate it from any competition. All brought in daily, with minimal preparation and only sold fresh daily.
With the return of workers to the office, the increased public transport patronage and the sense of normality within the community, the time is right for an experienced and astute operator to take the business to higher sales levels and above. Currently using over 35kg coffee per week and with a turnover of $18k per week.
There is footpath seating allowing for the quick coffee fix for around 6 patrons.
The Lease commenced on July 10, 2020 and expires on July 9, 2025
A 5 year option is available (taking the lease to July 9, 2030)
3% rental increases annually and at option
There are no outgoings
A two month bond is required.
The business occupies approximately 49m2 with a footpath license for 6 outdoor seats.
The business is operational for 49 hours per week.
The business currently operates with the following staff:
1 x Full-Time Owner
1 x Full Time Barista
1 x Full Time Floor Staff
2 x Casual Floor Staff
7:00am – 2:00pm
The opportunity here is to continue the trajectory of the model that the current Vendors have created and capitalise on the increased number of office workers and commuters in the area. Further growth should arrive from the increased foot traffic due to the new Metro station opening. The low rent, no outgoings, long lease and short hours of operation tick all the remaining boxes for a great and simple-to-operate business to buy!
Coffee Sales 35kg
Turnover (inc GST) $17,959
Net Profit $6,628