A highly regarded and beautifully presented cafe on a prominent corner position in one of Sydney's tightly held cafe precincts.
The current owner purchased the business approximately two months ago and has since been diagnosed with a serious health condition requiring her full attention to recovery. This is the sole reason for the sale.
The cafe has traded from this location for approximately 12 years with a strong local reputation, a loyal customer following and established trading history. Historical BAS information from the previous owner for the preceding two years is available to qualified purchasers; current-owner BAS statements and tax returns are not yet available.
Excellent exposure with strong pedestrian and vehicle traffic. Spacious and extensively fitted out, with quality indoor and outdoor seating.
Key Features
Approximately 106 seats: 78 indoor, 28 outdoor
Liquor licence approved until 2:00 am daily
Currently predominantly breakfast and lunch trade, with substantial potential to develop evening dining, functions and liquor sales
Coffee machine included in the sale
Fully equipped commercial kitchen, walk-in cool room, grease trap, commercial ventilation and full barista station
Tables, chairs and extensive existing fit-out included
No equipment finance owing
Established systems and staffing structure
Business name included in the sale
Currently operated predominantly under management: the owner manages staff rosters and oversees accounts and administration. An incoming purchaser can continue under management or take a more active role.
Trading Hours
Monday to Friday 7:00 am to 2:30 pm; Saturday and Sunday 8:00 am to 2:30 pm. Trading seven days per week, closing only on Christmas Day. Busy periods are weekday mornings 8:00 to 9:00 am and lunch 11:00 am to 2:00 pm. Trading is stronger through spring and summer and softer in winter.
Weekly Financials
Approximate figures including GST unless otherwise stated: takings $23,000; cost of goods $6,000; rent $3,793.36; outgoings $285; staff wages $7,200; owner wages nil; insurance $100; electricity $500; gas $120; marketing $100; telephone and internet $20; rubbish removal $100; subscriptions $50; pest control $20; cleaning $150; miscellaneous $200; accounting and banking fees to be confirmed.
Coffee approximately 20 kg per week; liquor sales approximately $500 per week; no material catering income currently. Vendor-advised net profit under management approximately $3,800 to $5,000 per week. Prospective purchasers should undertake their own financial due diligence.
Lease
Current lease expiry: July 2029
Further option: 3 years at vendors discretion/approval.
Annual increases: 3% per annum
Sale subject to assignment of the existing lease
No demolition clause
Two car spaces assigned to the premises
Toilets on premises
Growth Opportunities
Evening restaurant trading, greater use of the 2:00 am liquor licence, functions and private events, expanded liquor sales, catering, corporate accounts, delivery and takeaway, and hands-on owner operation.
Inspection is highly recommended.
Contact: Angelo Fournaris ---- --- --- [email protected]
Strictly Confidential: The business name, exact location, financial information, client details and further operational particulars will be provided only to qualified parties upon execution of a Confidentiality Agreement.
Disclaimer: Financials are vendor-supplied; Network Infinity and its agents make no guarantees or accept liability. Buyers should seek independent advice and conduct their own due diligence. Images are illustrative only.
