Lower North Shore Harbour Café – 6 days, no outgoings (including electricity/water), light cooking, OFFERS INVITED
$69,000 plus SAV
Description
This established café is situated steps away from Sydney Harbour and just north of the Harbour bridge. A café destination for the locals and visitors to the area, this café has minimal competition and boasts a strong customer base, online presence and following. A perfectly positioned café – great views, local destination, consistent trade all year round. A great starter business or an ideal second location for an existing operation.
For the financial year 21/22, sales averaged $9k per week. A new 7.5 year lease (to June 2030) will be provided to the purchaser with some changes in terms or alternatively just over 3 years remaining on the current lease with a rent of $608 per week (8% of turnover) and NO outgoings or electricity or water expenses. Competition, as mentioned, is very limited with location being the key.
Additionally, the overall sales are consistent every week and not affected by holidays or office worker peak periods. A mixture of commercial, residential and visitors make up the customer base.
The café is known for its quiches, sausage rolls, sandwiches, salad specials and a fresh seasonal menu as well as the best coffee. The menu is changed frequently and the sandwiches and in-house baked goods can be enjoyed from within the cafe. Light cooking facilities only.
The opportunity here is to capitalise on the solid customer base and with an invigorated approach seek out further market opportunities, including delivery and 7-day trade as well as enhancing catering. Footpath seating will enhance the visibility and presence of the café. Possible night trading as well as capturing New Year’s Eve and Australia Day fireworks celebrations and Public Holiday trade. With an existing future cashflow already captured, a new owner has the luxury to work on the business expansion whilst being profitable at the same time.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Members only
Staff No
The business is currently run by the owner with the following staff: 1 x Full Time Manager/Owner 1 x Casual Cook 1 x Full Time Barista 1 x Casual Kitchen Hand 1 x Casual FOH Total operating hours per week are 54 hours. The owner spends approximately 25-30 hours per week at the business.
Lease Info
The Lease commenced on July 1, 2020 and expires on June 29, 2025. A further 5 year option is available to June 29, 2030. CPI rental increases or a minimum 4% increase annually. A two month bond is required.
Trading Times
6 days a week: Monday – Saturday 7:00am – 4:00pm (total 54 hours/week) Closed Sunday and Public Holidays. Able to open all days and nights.
Size of Premises
The Café occupies approximately ~32m2 with a light kitchen. Seating for approximately 12 customers inside. Direct Harbour Bridge views and possibility of a footpath license for 6+ persons. There is a basement storage facility for the business as well as access to loading docks at the rear of the building. The Café is located harbourside and in a tourist location. It is situated under a residential complex, comprising of 16 boutique residential units. Commercial office buildings also surround the business, with recent transformations into residential apartments becoming commonplace in the area. Competition is minimal. On street parking is available directly outside the café.
Opportunity
The opportunity here is to capitalise on the solid customer base and with an invigorated approach seek out further market opportunities, including delivery and 7-day trade as well as enhancing catering. Footpath seating will enhance the visibility and presence of the café. Possible night trading as well as capturing New Year’s Eve and Australia Day fireworks celebrations and Public Holiday trade. With an existing future cashflow already captured, a new owner has the luxury to work on the business expansion whilst being profitable at the same time.
