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Inner West Cafe for sale - Institution! $28K Turnover Rent Prime Corner Location

SELLING PRICE

$390,000.00

LISTING AGENT

Garth Lawrence

OVERVIEW

  • Listing ID 2155
  • Price $390,000.00
  • Categories Cafes and take away food shops
    Restaurant
    Cafe/Coffee Shop

Details

             *Exclusive to  Network Infinity*      

Opportunities like this do not come along often. A rare chance to snap up a Sydney Gem, this business is supported by great paperwork for discerning buyers.

An Inner West Icon for over 38 years, a well renowned establishment with a stronghold in this area

Best location along this suburban strip with corner location and great attraction for the heavy foot traffic in the area

Central location with plenty of schools, universities and major shopping district and prime location

Eclectic and unique menu means this is a sought after product: vegetarian offering that is famous in Sydney

Same owner for over 18 Years

Strong turnover that is consistent, this business has continued to thrive year in and year out

A long history with a strong and brand reputation attached to the sale

Free Parking next to shopping centre that trades until 9pm every night, with Coles & Aldi open until Midnight

Current turnover of $28,500 per week however prior to Covid19 the business was doing $36,000 per week. 

The business is being sold on current figures so get in quick before turnover is back to normal with university students returning to the area

Current owner is only working 10 hours in the business and looking to retire. A new operator with fresh ideas and energy can truly unlock the potential of this business, such as adding in a liquor license as well as Delivery platforms like Ubereats/Menulog/Deliveroo.

Runs under semi management 

Long Lease in place! Apartments upstairs are leased out which adds to income and reduces rent significantly

There is also opportunity for functions as well as to start catering again particularly as university resumes to normal numbers

Feel Free to Call

Garth

0400 299 326

g.lawrence@networkinfinity.com.au


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