For Sale $249,000 plus SAV
Located on a chic Eastern Suburbs high street, this well-known Café/Bakery is a destination for locals and visitors. Recognisable for its breakfasts, lunches and coffee but also for its highest quality, freshly baked and delicious bakery bites.
This is a true café destination within the local shopping precinct. Surrounded by other businesses and in close proximity to high rise residential units, this is the local’s choice. Ample off-street parking also makes it easy those coming from neighbouring suburbs or those doing a quick pit stop for coffee. Recently renovated, it has all the ingredients in place for continuance of a successful operation by an enthusiastic operator. It has survived and thrived during the pandemic and is going from strength to strength.
For the June to August period, average weekly sales are $21,880 with around 40kg of coffee per week. The perfect lease – rent is 10.5% of turnover (there are no outgoings and no water charges) and increases are CPI adjusted and market review at the option renewal time.
The café has a fully functioning – and bakery capable – kitchen with all the necessary equipment. The interior has impressive areas for the display of the artisan breads and home baked pastries. The café has capacity of 30 seats inside but also a further 21 seats (6 tables) outdoors and provides a comfortable and stylish meeting place within the shopping strip. The shop front has an inviting presence, reminiscent of a Parisian setting.
The café itself has been established for seventeen years in this position and it trades seven days a week serving coffee, all day breakfast, juices, healthy eats, lunch and of course bakery items – sweet and savoury alike.
The vendor is highly motivated to sell and allow the new owner to reap the hard work that has been done on elevating this business to this level.
Eye catching and well set up business. The hard work has been done. Opportunity exists to enhance the product offering and operating hours and have a new owner/operator to take the reins of this established business and provide an uplift in sales. Liquor licence could be attainable.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**