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MUST SELL!! Gosford Licensed Café – Under Management, low rent, MASSIVE potential, make an offer!

  • $49,000 plus stock PRICE DRASTICALLY REDUCED

Description

Vendor says SELL! This is a fantastic opportunity for an astute buyer to bring this fully licensed café back to its former glory! For FY21, average weekly sales were $17.5k! All that is required is some TLC, opening Friday and Saturday nights and hitting social media marketing. Reasonable offers considered – Vendor is committed elsewhere. Capitalise on the upcoming festive trade!

This licensed East Gosford cafe on the Central Coast is perfectly positioned on a major thoroughfare and not far from local parks and the Caroline Bay. Run completely under management. A destination for the locals for satisfying their appetites, this café has a high visibility position, with high passing vehicular traffic, easy off-street parking and is located amongst complimentary businesses. This café is well known in the area and is perfectly set up for a continued successful operation. Bus stop at the door.

Fully licensed with an ambience that draws customers in. Coffee sales are at 18kg+ per week. Current weekly sales are averaging $9k per week. A very low rent of approximately $700 per week, with low outgoings and 8 years remaining on the lease make this a desirable business. Ample on-site parking with a dedicated space for the owner.

The café has a functional kitchen with a grease trap and exhaust system. The dining area has approximately 50 on-premise seating. The business is operating 7 days a week from 8am to 2pm for breakfast and lunch. Operation is under full management.

The menu serves all day breakfasts, burgers, toasties and salads, accompanied by smoothies, juices and milkshakes. Fully licensed with a good selection of wines, spirits and cocktails made to order.

An attractive business with a loyal following and with the low rent and high turnover, this business is sure to appeal to many. Realistic Vendor. Offers accepted.

Established business with further potential, particularly in the functions area in addition to catering requests. An experienced operator will take this business to the next level. Café and restaurant operation also has room to grow with extending the operating hours for the Café and reintroducing Friday and Saturday nights. Further sales may be obtained by opening on Public Holidays and during the Christmas Period.

**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 Full Time Manager 1 x Full Time Cook 2 x Casual Barista/All rounder 2 x Casual All Rounders

Lease Info

  • The lease commenced on July 1, 2020 and expires on June 30, 2025. A further 5 year option exists to June 30, 2030. Market Review at Option period. CPI or 2.5% increases (whichever is greater). A three-month bond is required

Trading Times

  • Cafe 7 days a week Monday - Sunday 8am - 2pm

Size of Premises

  • Approximately 43.5 square metres lettable area (7 indoor seats) - Small commercial kitchen with exhaust and grease trap. An additional 56.5 square metres of undercover on-premise courtyard-style seating area (45-50 seats). A storage cage and 1 dedicated car space to Owner. 38 available customer car spaces shared amongst other tenancies.

Opportunity

  • Established business with further potential, particularly in the functions area in addition to catering requests. An experienced operator will take this business to the next level. Café and restaurant operation also has room to grow with extending the operating hours for the Café and the number of nights open for the Restaurant. Further sales may be obtained by opening on Public Holidays and during the Christmas Period.

Weekly Sales & Turnover

Cost of Goods​

  • $3,545

Wages

  • $1,960

Net Profit​

  • $810

Turnover (inc GST)

  • $9,001

Gross Profit​

  • $4,638

Rent

  • $692
  • Reference No: TDSC0650

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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