Inner West Cafe – vacant possession, prominent location, full kitchen, no outgoings
$49,000 ONO
Description
This cafe has been in successful operation for over 7 years. Located on a prominent road in Petersham with very high visibility, this Inner West cafe location is ready for a new lease of life.
Whilst the business name is not for sale, the location is strong enough to be able to attract the local residents and businesses for that coffee, breakfast or lunch. Currently using 15kg of coffee per week.
This well presented cafe has a full kitchen with seating for 40 inside and additional footpath seating for 6. An additional storage area (or car park) is available for a small additional cost. All that is required is a new name, some stock and a little passion.
It is currently being run under semi management with the current owner focused on other ventures.
The opportunity here is to provide a new name and lease of life to the business and capitalise on its solid location. Reducing the high wage bill, extending the hours of operation to open 7 days and exploring catering possibilities will increase the projected sales. This is an ideal location for a first business or family business – set up and ready to go!
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Members only
Staff No
The business currently operates with the following staff: 1 x Kitchen/Chef Salary 1 x Owner Casual 1 x Barista 1 Casual 1 x Barista 2 Casual 1 x Front 1 Casual 1 x Front 2 Casual Total of 45 business operational hours per week.
Lease Info
The Lease commenced on December 1,2017 and expires on November 30, 2023 Two 3x3 year options are available. taking the lease to November 30, 2029 4% rental increases annually. Market Review at the options
Trading Times
6 days 7am to 2:30pm Tuesday to Sunday Able to trade 7 days 45 operational hours in total per week
Size of Premises
The business is in excellent condition and occupies approximately 90m2 with seating capacity of 40 inside and 6 outside on the footpath.
Opportunity
The opportunity here is to provide a new name and lease of life to the business and capitalise on its solid location. Reducing the high wage bill, extending the hours of operation to open 7 days and exploring catering possibilities will increase the projected sales. This is an ideal location for a first business or family business – set up and ready to go!