Inner City Café – Asset sale, low rent, high foot traffic

$119,000 plus Stock

Description

This Inner CBD (South) cafe has been operating since late 2024 where a stylish and expensive fit out was implemented. Circumstances for the owner have changed drastically and all their hard work (and expense) is now available to a new operator at a fraction of the cost of a new fitout. Some of the equipment is still under warranty! All that is required is a focus on the business, with expansion of the offering and the mandatory social media marketing.

The rent is low around $1,200 plus GST per week), there are no outgoings and the lease is to November 2027 with a further 3 year option! No guarantors on the lease and 4% increases. The current operation is remarkably easy to run, has high foot traffic and benefits from its proximity to a high rise student accommodation building!

Sales figures are not relevant here as the business is currently not operating to its capabiility or its potential. This is simple to fix for an experienced operator.

There is free footpath seating allowing for the quick coffee/acai fix for around 12 patrons whilst there is seating inside for another 20 and a further 30 on a mezzanine level.

The opportunity here is to expand the current limited offering – introduce sandwiches, pastries, salads and further food items and reduce the hours of operation. The good rent, no outgoings and exceptional fitout make this an ideal purchase for someone’s hospitality vision.

Lease Info

The Lease commenced on November 18, 2024 and expires on November 17, 2027 A 3 year option is available (taking the lease to November 17, 2039). 4% rental increases annually and at option There are no outgoings There is no Guarantor required

Trading Times

Currently 7 days a week Permissible Hours: 07.00 am to 10.00 pm, Monday to Saturday 07.00 am to 09.00pm, Sunday & Public Holidays

Size of Premises

The business is in excellent condition and occupies approximately 132m2 with 20-60 seats inside and with a footpath license 7.54m2 for 12 outdoor seats. Grease trap connection. The business has an approximate 10m frontage with a good street presence and good foot traffic.

Opportunity

The opportunity here is to expand the current limited offering – introduce sandwiches, pastries, salads and further food items and reduce the hours of operation. The good rent, no outgoings and exceptional fitout make this an ideal purchase for someone’s hospitality vision.

Reference No: TDBA0216

Business Listed by

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.

Request more Information about this business

First Name*
Last Name*
Phone Number*
Email Address*
Your Message
Consent*
I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

Furthermore, we want to emphasize that your consent to receive marketing communications from GSE is entirely voluntary, and you have the option to opt-out at any time. In every marketing email sent by GSE, you will find a convenient unsubscribe link that allows you to manage your preferences and cease receiving such communications. We respect your privacy and strive to provide you with a seamless and flexible experience tailored to your needs.
CAPTCHA
This field is hidden when viewing the form
Google Ads?
This field is hidden when viewing the form
Google Ads GCLID