CBD Lobby Cafe – 5 days, 20kg coffee, low rent, licensed

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Sydney NSW

CBD Lobby Cafe – 5 days, 20kg coffee, low rent, licensed

  • $89,000 plus Stock

Description

If it is a 5-day CBD Lobby Café you are after, then look no further.

This prime located Lobby Café is situated under a 22-floor office tower, housing some of the biggest online and tech organisations around and situated in a fully refurbished lobby with plenty of natural light, indoor seating and a large outdoor seating area which all adds to the appeal of this fantastic business.

The indoor seating area has approximately 30 seats, with a further 36 outdoor seats. A liquor license is also in place.

The business has been given a new injection of life and the results have taken this café on the trajectory to achieving its full potential. With a turnover of over $8k per week (20kg of coffee), $1,000 rent per week, no outgoings ($54/week optional car space) and a lease of around 9 years (including option), this is a solid café with scope to further improve. With a great counter presence, a larger than usual food preparation area and separate storage area, this is a simple operation, serving coffees, pastries, light breakfast, lunch and afternoon delights. It currently operates Mon-Fri : 7:30am – 3pm. A car space is also included at a small cost.

The signs are good for this café as it combines lifestyle with business. This is an opportunity to take this business past its current upwards trajectory. Placing emphasis on social media, advertising and marketing will assist with this immensely. The catering side of the business is an untapped revenue stream and just requires the focus to achieve the additional sales from the tenants within the building but also the surrounding buildings and offices. Reducing the Cost of Goods is also suggested, together with passing on the bank Merchant fee for every transaction.

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Staff No

  • The business is run by the following: 2 x Casual Baristas 2 x Casual All Rounders 1 x Owner The total operational hours are currently 37.5 per week

Lease Info

  • The 5 year lease commenced on November 1, 2019 and expires on October 31, 2028. A further 5 year option to October 31, 2033 is in place. No annual rent increases. Fixed rent at Option. Security Deposit - Three months’ rent plus outgoings plus GST

Trading Times

  • 5 days a week Monday to Friday 7:30am - 3:00pm Saturday & Sunday. Closed Public Holidays Closed There are 37.5 operational hours per week

Size of Premises

  • Approximately 23.5m2 of internal shop space (counter and food preparation) with 52m2 of indoor seating space (30 seats) and 42.4m2 of external seating space (36 seats). Well presented. Separate storage room (9.3m2) and a car parking space available. A well-proportioned food preparation area with an inviting counter/service area in the lobby of the 22-storey building with A-grade tenants. A light and spacious environment that is inviting for customers.

Opportunity

  • The signs are good for this café as it combines lifestyle with business. This is an opportunity to take this business past its current upwards trajectory. Placing emphasis on social media, advertising and marketing will assist with this immensely. The catering side of the business is an untapped revenue stream and just requires the focus to achieve the additional sales from the tenants within the building but also the surrounding buildings and offices. Reducing the Cost of Goods is also suggested, together with passing on the bank Merchant fee for every transaction.

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 20kg

Cost of Goods​

  • $2,813

Wages

  • $1,371

Other​

  • $700

Net Profit​

  • $1,323

Gross Profit​

  • $4,753

Rent

  • $962
  • Reference No: TDWC1000

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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