Sold

Regional NSW

Newcastle Espresso Bar, Run Under Management

  • $149,000

Description

Located in Newcastle, an area known for its laid-back lifestyle and pristine beaches, diverse population, parklands and great sporting facilities, this popular espresso bar has been established for the past 3.5 years with the current owner having been in charge from the beginning.

Situated within one of the city’s western suburbs, rapidly increasing in popularity and benefitting from strong recent growth, plus only a short 20-minute drive to Newcastle’s city centre and approximately 90 minutes to Sydney with easy transport links.

The business can be found along the main street, in the heart of the suburb and is surrounded by shops, offices plus close to schools and residential areas so there is no shortage of passing trade throughout the day and evening. Plenty of on-street parking is also available for quick and easy access.

Well known throughout the area for serving great coffee and having a popular breakfast and lunch menu, the business is well supported by locals, office workers, tradies, and visitors to the area’ most can’t visit without ordering the house hash stack and corn fritters dish which rates highly on all their social reviews’ a must have!

The premises are approximately 60 square metres in size, with indoor seating for up to 24 patrons, in addition there is an al fresco dining area which can seat a further 10 customers.
The interior is stylishly presented and welcoming with a funky vintage vibe which includes retro sofas, a large counter area plus an abundance of hanging plants.

All equipment was purchased in 2018, remains in good working order and is serviced regularly.

Opening hours are 7am until 3pm Monday to Friday, 7am until 12 noon Saturday and 8am until 12 noon on Sundays.

Operated by eight members of staff, all casual the business is run under management.

There is 5 months remaining on the current lease, with the option of a further 2 x 2.

After creating and running this successful espresso bar for the past 3.5 years, the owner has achieved her goals and is ready to move on to new ventures.
This creates a fantastic opportunity to capitalize on a solid well-run and profitable business, with excellent daily operational procedures already in place.

Opportunity to increase the turnover by extending trading hours until 4pm to cater for the after-school market, extend weekend trading until 2pm to cater for the lunchtime trade as currently this business is the only food establishment along the main street would see an immediate and positive impact on turnover.

**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

  • 8 casual

Lease Info

  • 5 months remaining on the current lease with the option of a further 2 x 2.

Trading Times

  • 7am until 3pm Monday to Friday 7am until 12 noon Saturday 8am until 12 noon on Sunday

Size of Premises

  • 60 square metres approximately

Opportunity

  • Extending trading hours until 4pm to cater for the after-school market Monday to Friday. Extend weekend trading until 2pm to cater for the lunchtime trade as currently this business is the only food establishment along the main street. At present the business only operates a breakfast menu at weekends.

Weekly Sales & Turnover

Coffee Sales Per (Kg)

  • 35

Cost of Goods​

  • $4,866.00

Wages

  • $4,212.00

Net Profit​

  • $1,939.73

Turnover (inc GST)

  • $13,500.00

Gross Profit​

  • $7,406.73

Rent

  • $530.00
  • Reference No: PLSSBED02

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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