Sold Iconic Sydney Cafe For Sale Under Full Management 4550k Turnover 5560kg Coffee
Summary
ICONIC SYDNEY CAFE FOR SALE
Under Full Management
Superb Location
45K - 50K Turnover
Rent Under 10% of Turnover per week
55kg-60kg Coffee per week
Well Established Cafe - Current Owners have been here for over a decade
RARE Opportunity for an astute buyer to purchase a Sydney cafe icon!
Only 10mins drive from Sydney CBD, on a busy road with plenty of traffic, the area is Buzzing with locals, travellers, students, workers and more.
Within walking distance from a major Sydney hospital and large University
Large premises over 120sqm with beautiful outdoor Courtyard facing the street (only one in the area)
Trades 7 days / evenings and has a steady flow of customers throughout
The current owners NEVER actually works in the business
All staff and processes are in place and the cafe is UNDER FULL MANAGEMENT
This Cafe produces solid numbers -
Consistent turnover ranging from 45-50k
Rent less than 10% of Turnover
3.5 years left on current lease but landlord has confirmed there is an option to extend for a new owner
55-60kg Coffee per week, easy menu serving standard cafe food, pasta, pancakes etc
DA Approved liquor license
Cafes like this don't usually go on the market and you won't find anything else like this at the present time
The crazy thing about this business is that it is NOWHERE NEAR FULL POTENTIAL!
Current owners have never been in hospitality prior to buying this business and have also become complacent over the years
Cafe does no marketing at the moment. This can EASILY be changed with a little work by a new owner to increase takings
SERIOUS BUYERS ONLY - This is an investment grade cafe and the owner wants a discreet sale so details of the opportunity will only be presented to qualified buyers.
Contact
Steven Ung on
0427 978 477 for more information
Industry:
Food & Drink
Sub Industry:
Cafes & Restaurants
Location:
NSW
Status:
Sold
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