How to Sell a Café – The Three Stages of the Sale
The Sale Process – Stage one – Planning Selling a café or any hospitality business is not like selling a business in (most) other industries. I am sure that I don’t need to spell out the main difference, the subject of the “C” word is probably a whole post on its own. Whilst the […]
Get rid of the tyre kickers early on.
A lot of cafe owners that I talk to about selling their cafe ask me about how to deal with time wasters or “tyre kickers” as they are affectionately known. I also see a lot of private sale averts saying things like “No Time Wasters” the irony here is that although they are few and […]
How to Prepare a Cafe for Sale
In my opinion running a cafe cannot really be compared to running many other businesses. From the outside it can look like a dream lifestyle business but for many people that’s not the reality. The first cafe that I setup and run for 11 years certainly didn’t improve my lifestyle in the early stages! There are many things to think about when selling a cage and this article takes a quick look at how to prepare a cafe for sale.
Industrial Style Northern Beaches Cafe
This well-known Café on The Northern Beaches has been established for more than 4 years and, has been with the current owners since opening. There are approx. 10 seats outside and 25 inside, the café is 54 square metres internally, with additional storage area. Current coffee sales are 23 KG per week and […]
Busy Beachfront Cafe & Restaurant
This well established Café & Restaurant has an area of approx. 250 square metres and occupies a prime beachfront location on The Northern Beaches. There are 90 seats inside and 32 on the designated outdoor seating area. The café offers a wide range of breakfast dishes as well as a full lunch & dinner menu, […]
Do I Need To Pay GST When I Sell My Cafe?
Do I need to pay GST when I sell my Cafe? The question about whether or not GST is payable on the sale of a cafe is something that seems to confuse many people and, it is certainly something that you should look into before you sell. The short answer […]
How to Sell a Cafe – Changes to Lending Criteria
I wanted to make you aware of some changes that we’ve noticed recently with the lending criteria and the way that banks are looking at small business finance in particular with business loans for cafes and food businesses. These changes could affect the sale of your cafe in the later stages which is naturally something […]
Is Your Cafe Worth What You Want For It?
After an appraisal call with a client earlier today I wanted to quickly post this to give you some help around the thought process of valuing your business. As I have mentioned in previous posts many people that we work with are concerned about keeping the sale of their business confidential. One of the […]
How to check the DA of a cafe
I quite often get asked how to check the DA of a cafe, so this quick post gives an idea of how you can do this. When selling your cafe, it is quite likely that the buyer will ask to see a copy of the DA for the business. If you do not […]
How to Sell a Café – Financial Preparation
One of the best things that you can do in order to prepare your café for sale is to have your financials prepared and ready to provide to qualified buyers. Having your financials prepared basically means having up-to-date information that proves the amount of sales, expenses and profitability of the business. When your […]
How I Sold My Hospitality Business Without A Broker
One café might sell within a fortnight, while another sits on the market for twelve months without receiving a serious enquiry. The difference is rarely luck. In most cases it comes down to preparation, pricing, presentation and the quality of the information buyers receive. Every week I speak with owners who ask, “How long will […]