Near New Fitout | Large Licensed Eastern Suburbs Cafe| 35+kgs coffee per week | Huge upside for an Experienced Operator
$395,000 plus SAV
Description
A perfectly positioned cafe in this sought after Eastern Suburbs Beach suburb, with no discernible competition. Primed and ready for a new experienced hands-on operator to continue to harness the amazing potential of the location which is not able to be replicated.
This established cafe is currently run under management and is a destination for the locals as well as benefiting from many locals, beach goers and visitors to the area. This cafe boasts a strong online presence and following, with very favourable reviews.
The business averages $28,000 per week. There are approximately 7 years remaining on the lease.
As part of the set-up the café has a very large commercial kitchen with a walk in cool-room and freezer, food preparation and storage area along with a private dining area/function space.
The cafe is also licensed with a sepaerate bar, and this could be utilised with extending the hours into the nighttime trade.
The opportunity here is to capitalize on the location and solid customer base and with an enthusiastic approach, expand the menu and the operating hours and days and seek out further market opportunities, including delivery as well as exploring catering. Possibility Expand the menu offering to provide a further point of difference in the area.
Members only
Staff No
The business is currently run by a manager, three fulltime chefs and seventeen casuals.
Lease Info
The 5 x 5-year lease commenced in February 2020. - CPI. increases - A Three month bond is required.
Trading Times
7 days - Mon - Fri 7 a.m. to 2 p.m. Saturday 7am-3pm and Sunday 7.30am-3pm
Size of Premises
Approx. 240 square metres. - Toilet, Full commercial kitchen and store room. Outdoor seating area.
Opportunity
Extend the trading hours and operate as a restaurant in the evenings. Establish a catering side of the business.
The current owner is not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.