For Sale $239,000 plus SAV
The profitability performance of this café during the Covid-19 lockdown has been nothing short of exceptional! Rent reduction has not been sought (nor required) and the loyal customers have supported the business to increase coffee usage from about 40kg to approximately 50-55kg per week!
This industrial-chic Inner West Café is a must-do destination for brunch on the weekends and a welcoming coffee and food choice during the business week.
Catering for the coffee aficionado’s, office workers, locals, the tradies, vegans and everyone in between, the Café has a solid following and a vibe that feels like home the moment you step inside. The mandatory polished concrete floors, exposed brickwork walls and reclaimed timber table tops all add to the appeal of this fantastic business.
The indoor sitting area has approximately 35 cosy seats (55sqm), with a further 4 licenced outdoor seats.
The business has been growing over the years and it currently trades seven days a week serving breakfast, lunch and afternoon delights. The menu is varied, and it caters for all palates, tastes and eating preferences. It currently operates Mon-Fri : 7am – 3pm Sat-Sun : 7:30am – 3pm.
The vendor is taking a break and is looking to sell this profitable business to a similar minded purchaser. With a good turnover of around $16.5k per week, rent at under 7% of turnover and just near 6 years left on the lease (including the 3 year option), this is a very attractive and profitable business for an owner operator.
The hard work has been done here and the café has made its mark in the area. This is an opportunity to take this already successful business to a higher level by an experienced owner/operator by focusing on the little things and injecting the extra passion into the business. There is also the opportunity for extra seating space to be added by securing another tenancy to the rear of the café. Also positioned in proximity from the café are many businesses as well as a new Residential Development which will house around 6,000 residents/1400 new homes by 2025, adding to the already densely populated suburb of Erskineville.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**