Inner West Licensed Café – best location, long lease, offers

$79,000 ONO

Description

and the mandatory social media marketing.

The rent is good, there are low outgoings and the lease is to June 2027 with a further 5 year option! The current operation is remarkably easy to run, has high foot traffic and benefits from its proximity Glebe Village, Broadway Shopping Centre, markets and various Universities.

Sales figures are around $11,694 per week and the business is currently not operating to its capabiility or its potential. This is simple to fix for an experienced operator.

There is available footpath seating for around 12 patrons whilst there is seating inside for another 65. It has a functional commercial kitchen with coolroom and is fully licensed.

The opportunity is a quick fix – utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses’ profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.

Staff No

The business is currently run by: 3 x Casual Chefs 2 x Casual Kitchen Hands 3 x Casual Baristas 3 x Casual Waiters/FOH Total Operational Hours are 65.5

Lease Info

The Lease commenced on July 1, 2022 and expires on June 30, 2027 A 5 year option is available (taking the lease to June 30, 2032). 5% rental increases annually and at option A six month bond is required

Trading Times

7 days a week 7:30am to 3:00pm from Monday to Friday; Thursday 5:30pm to 8:30pm and Friday 5:30pm to 9:30pm 7:00am to 4:00pm and 5:30pm to 9:30pm Saturday 8:00am to 4:00pm Sunday

Size of Premises

The business is in good condition and occupies approximately 132m2 with 65 seats inside and with a footpath license (6m2) for 12 outdoor seats. Grease trap connection, exhaust and coolroom are included. Fully licensed. The business has an approximate 10m frontage with a good street presence and good foot traffic.

Opportunity

The opportunity is a quick fix – utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses’ profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.

Weekly Sales & Turnover

Coffee Sales Per (Kg)

10kg

Turnover (inc GST)

$11,694

Rent

$2,094

Reference No: TDDN0337

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

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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.

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The prospective buyer hereby agrees not to approach the landlord, property managing agent, 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.

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For Sale

Sydney NSW