Erskineville, NSW 2043For Sale $299,000 plus SAV
- Erskineville NSW
Quintessentially Inner West, with a village atmosphere, this licenced café and restaurant (with an area for functions as well) is a rare find in this location.
Established for over three years, the cafe is popular not just for it’s high quality coffee but also for it’s innovative fusion Australian cuisines and for an ideal venue to host small to medium private functions (birthday, bridal shower, small wedding celebration, corporate parties and meetings, etc.). The private dining room with floor to ceiling glass windows and great outlook has made this establishment a true local gem.
It has a full commercial kitchen with a grease trap and exhaust system, full walk in coolroom, security system and POS system.
The indoor dining area has approximately 70 seats, with 30 licenced outdoor seats situated in a welcoming garden like setting.
The business currently trades seven days a week for breakfast and lunch (7am-3pm). Amongst the Australian Good Food Guide Awards for 2018 it has a great following with locals and visitors alike. It has a Liquor Licence enabling trade to 10pm.
The time is now for the vendor to move on and transfer this profitable business to a new operator. It is run completely under management. With consistent turnover of around $21k per week, 45kg of coffee per week, rent at approximately 11% of turnover and a lease expiring in June 2021 with two 5 year options (taking the lease to 2031), this is a very attractive, long-term and profitable business for an owner operator.
A great unique business with a great location and set up that money can’t buy, this already successful business can be taken to a higher level with an experienced owner/operator by expanding the trading hours to include a dinner offering, adding delivery services to the business and ramping up the catering and function bookings – each contributing to an increase of the weekly turnover.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**