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Inner-City Cafe And Corporate Catering Business For Sale

Woolloomooloo, New South Wales, Australia
Asking Price:
$99,000 (AUD)
Sales Revenue:
$650,000 (AUD)
Cash Flow:
$2,478 (AUD)

This well-known Cafe in an affluent city fringe suburb of Sydney has been established for more than 17 years and has been with the current owner for 4 years.

Surrounded by numerous small and large offices as well as medium and high-density residential blocks, the cafe attracts a good mix of corporate and residential customers.

Located close to major tourist attractions in an area with high foot traffic, there is good walk-in trade in addition to the many loyal regulars.

Pleasant courtyard seating offers a secluded escape for office workers and 'work-from-home' locals.

A spacious street frontage accommodates the high volume of take-away customers.

The cafe is best known for its gourmet sandwiches and also serves breakfast, a range of salads, soups, sweets and rotating seasonal specials.

When the current owner took over 4 years ago, the coffee sales were very low at less than 4kg per week but have since grown to over 12kg per week and are expected to continue to grow.

The premise is fully licensed and also has a wide range of cold drinks such as fresh juice, milkshakes and smoothies.

This business had previously been advertised at a lower price due to a downturn in the corporate catering caused by COVID.

The corporate catering has now recovered to pre-COVID levels including a higher percentage of direct customers, rather than via online marketplaces.

The current price reflects this improvement.

The business is currently owner operated with a stable staff base who are capable of running the business in the owner's absence.

The owner has plans to relocate outside of Sydney prompting the sale of the business.

The owner is willing to offer an extended handover to ensure a smooth transition.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Staff No
1 x fulltime chef
2 x part time all rounders
1 x casual all rounder
1 x owner working 5 days

Lease Info
18 months into the 5 year term Landlord has agreed to an additional 5 year option

Trading Times
Monday - Friday 7.00am-3.00pm
Closed Saturday
Closed Sunday

Size of Premises
There are 18 seats outside and 4 inside.
The cafe is 46 square metres plus a separate storage area.

Opportunity
Expand catering operation, open on the weekends and at night to utilise the liquor license. A new owner could also expand the business by utilising delivery partners such Ubereats

Property Information

Real Estate:

Lease

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