This awesome cafe/espresso bar is situated steps away from Sydney Harbour. A cafe destination for the locals and visitors to the area, this cafe has minimal competition and boasts a strong online presence and following. A perfectly positioned cafe – great views, local destination, consistent trade all year round. A great starter business or an ideal second location for an existing operation.
Current sales have grown to an average of near $10k per week. For the financial year 20/21, sales averaged $8.1k per week. Just over 3.5 years remaining on the lease with a new 5 year option and with a rent of $608 per week (8% of turnover) and NO outgoings and NO electricity or water costs, this lease is as good as it gets! 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 peaks.
The cafe is known for its in-house baked goods – 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.
The opportunity here is to capitalize 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 cafe. 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**
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