Inner City Fringe Café – Under Management, 6 days, high exposure
$139,000 plus Stock
Description
This unique inner city/city fringe immaculately presented and profitable café has a solid reputation and is a local destination for residents and businesses. This business is perfectly positioned, with high street exposure, excellent passing traffic and easy, at-the-door parking. This business is well known in the area and beyond and is run under semi management so it is perfectly set up for a continued successful operation.
Operating 6 days a week for breakfast and lunch only, current weekly sales are $6.5k per week (Jul 20-May 21) with a low rent of approximately $850 per week. Currently the business closes on public holidays and during the Christmas/New Year period. Approximately 5 years remaining on the lease with the possibility of a further 3 year option or a completely new lease.
The café has a full commercial kitchen with a grease trap and exhaust system. The indoor dining area has approximately 15 seats, with a further 11 footpath seating places.
The menu has a food offering of café fare, together with a unique twist that is in line with its identity.
A very attractive business with a loyal following, great passing traffic, surrounded by residential towers and business (with more planned on the horizon), this business is sure to appeal to a range of buyers from first timers to experienced operators..
This café operation is run expertly under semi-management but still has room to grow with extending the operating hours. For those that wish to open for dinner, the option is available as is the possibility of obtaining a liquor license. The sales through delivery apps with night operation will increase the turnover. Finally, focus on catering will also bring in extra revenue.
**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 under semi-management with the following staff: 1 x Full Time Cook 2 x Part Time Owner/Barista 2 x Casual Baristas
Lease Info
The Lease commenced on May 1, 2019 and expires on April 30, 2022. A 3 year option is available (taking the overall lease to April 30, 2025) CPI rental increases annually. No outgoings payable 5% fixed increase at Option (2022). A three month bond is required.
Trading Times
6 days a week Breakfast & Lunch Monday – Saturday: 6:00am to 3:00pm Closed Public Holidays
Size of Premises
The business has approximately 88m2 of lettable area. The inside dining area has space for approximately 15 seats with 4 bar/stool seats. The footpath area can seat approximately 11 people. There is a full commercial kitchen with exhaust and grease trap. Off-site dry storage space in basement at rear of premises. On street car parking spaces at front of business at all hours.
Opportunity
This simple café operation is run expertly under semi-management but still has room to grow with extending the operating hours. For those that wish to open for dinner, the option is available as is the possibility of obtaining a liquor license. The sales through delivery apps with night operation will increase the turnover. Finally, focus on catering sales will also bring in extra revenue.