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Inner City (East) Cafe – seeking new motivated owner! Fit-out cost only!

Description

This local neighbourhood cafe in the Inner East Suburb of Zetland is ready for an enthusiastic operator to harness the amazing potential of the location. Close to all modes of public transport and in a high population density suburb.

This established cafe is surrounded by high level residential apartment blocks and adjacent to an established commercial business precinct. Currently run under management as the owners have other priorities, it is crying out for a new owner to refresh the menu, open to normal cafe trading hours and reach previous sales levels. It is a destination cafe for the locals and businesses to the area whilst maintaining a local neighbourhood feel that cannot be replicated by ground floor cafes in new residential buildings. This cafe boasts a strong online presence and following. A full commercial kitchen and un-utilised spaces add to the appeal.

The lockdowns did not affect the business. For the Financial Year 20/21, sales averaged $7.8k per week. Personal circumstances have required the operating hours and days to be reduced, hence the reason for the sale. These hours can quickly be re-instated for sales to return to their previous levels. There are approximately 1+3 years remaining on the lease.

The cafe is known for its coffee, breakfasts, brunches and lunches as well as its weekly specials. A full commercial kitchen is in place with seating for around 18 people indoors and 6 outdoor/footpath dining. The possibility of resurrecting the unused courtyard space is also available.

The opportunity here is to capitalize on the location and solid customer base and with an enthusiastic approach expand the operating hours and days and seek out further market opportunities, including delivery and 7-day/night trade as well as expanding the food offering and exploring catering and the possibility of obtaining a liquor license (all STCA). Expand the menu offering to provide a point of difference in the area. Utilising the courtyard available is also an option.

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

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