Iconic Inner West Café

Sold

Sydney NSW

Iconic Inner West Café

  • $270,000 + SAV

Description

This café has established a strong reputation over more than 10 years. It is highly regarded by Inner West locals and visitors and well placed on all social media sites

It’s a warm and welcoming space with eclectic furnishings. There is seating for up to 55, both inside and out. Fit out replacement cost would be well in excess of $100,000.

It’s so much more than a coffee shop with average customer sales as high as $25 on peak days. A full commercial kitchen produces high quality meals 8 hours per day, 7 days per week, the bar area produces refreshments of the highest quality.

This business represents a strong opportunity for a new owner operator to take over and continue to trade on the solid reputation that the business has built.

Even without increasing sales simply reducing the current labour and food costs would generate significantly higher profits and increase the overall business value.

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

Reason For Sale
The current owner is at retirement age and ready to move on to the next phase of his life.

 

 

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Staff No

  • There are 20 casual staff across the kitchen, bar and wait areas.

Lease Info

  • 3 years remain on the current term with a further 3 x 5 year options available

Opportunity

  • This café would benefit from a liquor licence. The quality of meals would be well matched with a select range of wines. Both food and wage costs are a little high. There is opportunity to trim both. There is significant opportunity to add sales of retail products.    

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 40

Cost of Goods​

  • $7,701.00

Wages

  • $10,135.00

Other​

  • $704.00

Net Profit​

  • $2,473.00

Turnover (inc GST)

  • $26,651.00

Gross Profit​

  • $16,528.00

Rent

  • $1,800.00

Total Expenses

  • $14,055.00
  • Reference No: DAVR4211

Business Listed by

Paul Leach

Paul Leach

Hospitality Consultant, Certified Exit Planning Advisor, Licensed Business Broker in NSW, SA, QLD, VIC @ GSE Hospitality Brokers

I grew up in the food business, my parents owned two very successful restaurants. I have fond memories of working alongside them from a very early age.

All through my school years I knew that I wanted to be a part of the hospitality industry and the day that I started at college could not come quickly enough. I spent three enjoyable years learning my trade and left college to join my parents in their second restaurant.

In 1992 my parents decided that the time was right for them to sell up and I felt it was also the right time for me to go out on my own.

In 1993 I opened my first Cafe called “Hogarth’s” and that is where it all began. Over the following 25 years, I built and sold nine food businesses. I loved every minute (well most of it) and learnt a lot about how the sale process works, I also learned some very valuable lessons.

I love the food industry and wanted to crack double digits and open shop number ten, unfortunately, the two things that I value the most in my life, my marriage and my health probably would not have lasted if I had done that so I called it a day

I always felt that there was a better way to sell cafes and food businesses and that is where the idea for GSE came from. My vision was to build a specialist firm of hospitality brokers that could make the sales process as straightforward as possible for the owners of hospitality businesses in Australia.

I am now using the experience I gained selling my own businesses as well as selling a lot of other people’s businesses to lead the team of very talented brokers at GSE.

I would love the opportunity to show you more about how the approach that GSE take can help you to sell your business for the price that you want and on your terms.

If you are looking for a specialist Hospitality Broker who has walked the walk and fully understands the industry and all of the nuances of the sales process then I would love to hear from you.
Call Paul on 0415 801 313

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