Eastwood, NSW 2122For Sale $249,000 plus SAV
- Eastwood NSW
This café in the Ryde area has an exceptional reputation in providing great café fare of coffee, breakfast, brunch and lunch as well as mouth-watering sweets, cakes and pastries that are all made in-house. Its sales now are at (or higher than) the pre-Covid 19 levels.
The business has a great lease, great rent and the bonus of an unused, fully contained residential unit with a separate entrance. This can be used for functions or additional seating or alternatively leased out to reduce the low rental even further.
Average turnover for May-August is $15,811 per week (27 kg of coffee per week), rent is $1,676 per week ex GST (less an estimated $500 – $600 per week if the upstairs unit is leased out separately) and net profit is $3,292 per week. Wages and cost of goods are well below industry standard which equates to greater profitability.
The café is well established and situated in a prime location and close to transport, with buses at the door and directly opposite the train station exit. The décor provides a rustic vibe whilst the fit-out is perfectly created to showcase the exceptional and mouth-watering bakery products that it produces.
The café has a full commercial kitchen, geared towards baking but equally at home producing the standard café meals and snacks. Equipped with all the requisite items – ovens, benches, cool room, freezer, racks, blast chiller, mixer and dishwasher.
The café has been operating for over 3 years and it currently trades seven days a week serving breakfast, coffee, cakes, lunch, snacks and afternoon delicacies. Trading hours are Mon-Fri 8am to 5pm and Sat-Sun 9:30am-5pm. The indoor seating consists of approximately 35 seats (limited to 25 with social distancing).
The vendor is highly motivated to sell due to personal reasons and allow the new owner to reap the further potential of this business.
Perfect and simple to run business. Option to have training provided for the bakery operation. Low wages due to the simplicity. Currently run with two full time baristas (one being the owner) and two full time chefs with 3 casual allrounders/barista.
Opportunity exists to expand the trading hours and product offering and focus further on the bakery side of the business. Capture the enormous potential and opportunity exists to revise and expand the product offering and market these to the passing traffic (signage and sampling). Training, assistance and guidance for a new entrant to the café marketplace.
Rent can be reduced by around $500-$600 per week by leasing out the fully self-contained second floor unit.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**