Inner West Gem – Industrial Chic Café – Covid-19 proof!

  • $239,000 plus SAV

Description

The profitability performance of this café during the Covid-19 lockdown has been nothing short of exceptional! Rent reduction has not been sought (nor required) and the loyal customers have supported the business to increase coffee usage from about 40kg to approximately 50-55kg per week!

This industrial-chic Inner West Café is a must-do destination for brunch on the weekends and a welcoming coffee and food choice during the business week.

Catering for the coffee aficionado’s, office workers, locals, the tradies, vegans and everyone in between, the Café has a solid following and a vibe that feels like home the moment you step inside. The mandatory polished concrete floors, exposed brickwork walls and reclaimed timber table tops all add to the appeal of this fantastic business.

The indoor sitting area has approximately 35 cosy seats (55sqm), with a further 4 licenced outdoor seats.

The business has been growing over the years and it currently trades seven days a week serving breakfast, lunch and afternoon delights. The menu is varied, and it caters for all palates, tastes and eating preferences. It currently operates Mon-Fri : 7am – 3pm Sat-Sun : 7:30am – 3pm.

The vendor is taking a break and is looking to sell this profitable business to a similar minded purchaser. With a good turnover of around $16.5k per week, rent at under 7% of turnover and just near 6 years left on the lease (including the 3 year option), this is a very attractive and profitable business for an owner operator.

The hard work has been done here and the café has made its mark in the area.  This is an opportunity to take this already successful business to a higher level by an experienced owner/operator by focusing on the little things and injecting the extra passion into the business. There is also the opportunity for extra seating space to be added by securing another tenancy to the rear of the café. Also positioned in proximity from the café are many businesses as well as a new Residential Development which will house around 6,000 residents/1400 new homes by 2025, adding to the already densely populated suburb of Erskineville.

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

Loading

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 40

Cost of Goods​

  • $4,800.00

Wages

  • $5,159.57

Other​

  • $51.86

Net Profit​

  • $3,227.35

Turnover (inc GST)

  • $16,484.45

Gross Profit​

  • $10,185.45

Rent

  • $940.61

Total Expenses

  • $6,958.10
  • Reference No: TDCM0215

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

Request more Information about this business

  • This field is hidden when viewing the form
  • This field is hidden when viewing the form