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Sydney NSW

Inner East City Café – full kitchen, great position, priced to sell!

  • $49,000 plus SAV

Description

This local café in the Inner East Suburb of Zetland is ready for an astute operator to harness the amazing potential of the location. Close to all modes of public transport and in a high density population suburb.

This established café is surrounded by high level residential apartment blocks and adjacent to an established commercial business precinct and still retains the charm and character of yesteryear. Currently run under management as the owners have other priorities, it is crying out for a new owner to refresh the menu, open to normal café trading hours and reach previous sales levels. It is a destination café for the locals and businesses to the area whilst maintaining a local neighbourhood feel that cannot be replicated by ground floor cafes in new residential buildings. This café boasts a strong online presence and following. A full commercial kitchen and un-utilised spaces add to the appeal.

For the Financial Year 20/21, sales averaged $7.8k per week. Personal circumstances have required the operating hours and days to be reduced, hence the reason for the sale. These hours can quickly be re-instated for sales to return to their previous levels. There are approximately 1+3 years remaining on the lease with options to extend possible.

The café is known for its coffee, breakfasts, brunches and lunches as well as its weekly specials. A full commercial kitchen is in place with seating for around 18 people indoors and 6 outdoor/footpath dining. The possibility of resurrecting the unused courtyard space is also available.

The opportunity here is to capitalize on the location and solid customer base and with an enthusiastic approach expand the operating hours and days and seek out further market opportunities, including delivery and 7-day/night trade as well as expanding the food offering and exploring catering and the possibility of obtaining a liquor license (all STCA). Expand the menu offering to provide a point of difference in the area. Utilising the courtyard available is also an option.

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

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Staff No

  • The business is currently run under management with the following staff: 1 x Casual Allrounder 1 x Casual Cook/Allrounder 1 x Casual Barista/Manager Total operational hours for the business are 35 hours/week. The owner spends approximately 14 hours per week on the business.

Lease Info

  • The lease commenced on April 2, 2020 and expires on April 1, 2023. A further three year option is available, taking the lease to April 1, 2026. Further options are possible with negotiation. Annual rental increases are 5% with Market Review at the option. A 3 month rental bond is required

Trading Times

  • The Café is currently open 5 days a week (Monday to Friday 7am – 1pm). Previously open 6 days a week (including Saturday) with a coffee trade only in the morning on Sunday in FY21.

Size of Premises

  • The Café has approximately 119.7 m2 of footprint and has a full commercial kitchen is in place with seating for around 18 people indoors and 6 outdoor/footpath dining. The possibility of resurrecting the unused courtyard space is also available. The Café is maintained in great condition. The café is situated on a charming neighbourhood street and within close proximity train, bus and cycle way connections to the rest of the city. High density residential buildings and also commercial hubs surround the Café.

Opportunity

  • The opportunity here is to capitalise on the location and solid customer base and with an enthusiastic approach expand the operating hours and days and seek out further market opportunities, including delivery and 7-day/night trade as well as expanding the food offering and exploring catering and the possibility of obtaining a liquor license (all STCA). Expand the menu offering to provide a point of difference in the area. Utilising the courtyard available is also an option.

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 20

Cost of Goods​

  • $2,426

Wages

  • $1,435

Other​

  • $52

Net Profit​

  • $714

Turnover (inc GST)

  • $7,381

Gross Profit​

  • $4,284

Rent

  • $1,438
  • Reference No: TDCP0217

Business Listed by

tas-dasios-800x800

Tas Dasios

Licensed Real Estate Agent and Business Broker in NSW @ GSE Hospitality Brokers

Take-aways, restaurants and later cafes and car wash cafes have been an integral part of my life since childhood. I learnt the trades of hand cut chips, filleting fish, making burgers, being a barista, being a waiter, being a cook and on top of all that, producing quality and providing excellent customer service. The initial stages were part of the family business, but later became a choice to support my studies or a change of direction in life.

I had various corporate jobs and landed in a regional role in a large coffee franchise. Here I supported franchisees to effectively (and efficiently) run their businesses from reducing cost of goods and wages, marketing their business both from behind the counter and through local area marketing, sampling activities and providing robust business plans. If you fail to plan, you plan to fail was the motto.Though the process, we were able to understand in detail the business and were subsequently able to make the right decisions for the future direction of the business – whether to continue and increase sales and profit, realise that the full potential of the business has been achieved or accept that the business trajectory is not where it needs to be and therefore create an exit plan.

After a while I decided that I could provide this service to a lot of businesses and industries and got my broker’s licence and started servicing NSW in consulting and selling. I co-authored a book titled ‘Show You the Money’, a business KPI handbook given to prospective and current business owners when engaging the consulting services to assist and guide them through their business decisions. Selling at the right price and time was proving to be the decision most business owners were asking for – and I was only too happy to help! After a few years, I was asked to be involved in a start-up and since then I have been involved in five start-ups, but the passion for hospitality remained.

I believe relationships are the cornerstone of any business and creating the open communication channels and informing the vendor and the buyer of the progress of their venture is paramount. Couple this with the vast experience that I bring, I am able to effectively communicate with both parties with authority and insightfulness. I look forward to sharing your business thoughts and plans and obtaining the best possible results for your business.
Call Tas on 0412 156 042

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