Sold

Newcastle Area NSW

Lobby Cafe in Busy Office & Residential Building | Newcastle Area | Weekdays Only

  • $85,000 plus SAV

Description

For sale is this well-established easy to run, profitable cafe that will suit either a first-time operator or an additional outlet for an existing owner looking to add significant coffee sales per week located within the Newcastle area

Situated within the ground floor lobby of an attractive modern building, beneath 3 floors of government tenancy offices and residential apartments plus opposite the main entrance to the areas major shopping centre and close to schools and the local hospital, there is no shortage of daily trade.

Plenty of on and off-street parking is also available allowing easy access for customers who prefer to grab and go.

The cafe has great curb appeal with a leafy urban outlook and a relaxed vibe. The courtyard entrance with its attractive corner aspect is furnished with umbrellas and new alfresco furniture and can comfortably seat up to 30 customers.

Inside, the 45-metre square space is fresh light and bright with an industrial style feel including clean black and white tones, 2-4-8 seat Cafe tables and lounge areas accommodating up to 20 patrons. The counter area is well laid out with all equipment maintained to a high standard and included in the sale.

Currently serving an easy to produce menu including toasties, bacon and egg rolls and muffins the cafe is popular with the NSW Government workers who occupy 80% of the building, plus the general local community and benefits from strong coffee sales.

Open 5 days a week, Monday to Friday 7.00am – 2.00pm one owner works in the business and is supported by 2 casual staff members. There are 18 months remaining on the current lease, with an additional 3-year option.

Established for 10 years, the owners have been in charge for the past 2 years and have run this business concurrently with another. Due to circumstances involving expansion of this original business, the owner is returning to the workforce.

This creates a fantastic opportunity to capitalise on a solid well-run business, with excellent daily operational procedures in place. Current turnover could be simply increased by extending opening hours during the week plus open at the weekends and introducing new menu items. There is also a liquor license in place valid from 10am to 2am Mon – Sat and 10am to 10pm on a Sunday. The business also has a good online presence with positive reviews

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

 

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Staff No

  • 1 owner and 2 casuals

Lease Info

  • 3 year lease (commenced May 2021) with an additional 3 year option

Trading Times

  • Monday to Friday 7am to 2pm

Size of Premises

  • 45 square metres Capacity for 15 to 20 customers inside and 25 to 30 in outside courtyard area

Opportunity

  • Extend daily opening hours Open at the weekend Introduce additional menu items Utilise existing liquor licence

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 16kgs

Cost of Goods​

  • $1,428.00

Wages

  • $1,300.00

Net Profit​

  • $1,055.56

Turnover (inc GST)

  • $4,969.00

Gross Profit​

  • $3,089.27

Rent

  • $488.01
  • Reference No: PLSSCCC10

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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