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SoldICONIC SYDNEY CAFE FOR SALE - UNDER FULL MANAGEMENT - 45-50K TURNOVER - 55-60KG COFFEE

SELLING PRICE

$849,000.00

LISTING AGENT

Steven Ung

OVERVIEW

  • Listing ID 566
  • Price $849,000.00
  • Categories Premium listings
    Cafe/Coffee Shop

Details

ICONIC SYDNEY CAFE FOR SALE

Under Full Management

Superb Location

45K - 50K Turnover

Rent Under 10% of Turnover per week

55kg-60kg Coffee per week

Well Established Cafe - Current Owners have been here for over a decade

RARE Opportunity for an astute buyer to purchase a Sydney cafe icon!

Only 10mins drive from Sydney CBD, on a busy road with plenty of traffic, the area is Buzzing with locals, travellers, students, workers and more.

Within walking distance from a major Sydney hospital and large University

Large premises over 120sqm with beautiful outdoor Courtyard facing the street (only one in the area)

Trades 7 days / evenings and has a steady flow of customers throughout

The current owners NEVER actually works in the business

All staff and processes are in place and the cafe is UNDER FULL MANAGEMENT

This Cafe produces solid numbers -

Consistent turnover ranging from 45-50k

Rent less than 10% of Turnover

3.5 years left on current lease but landlord has confirmed there is an option to extend for a new owner

55-60kg Coffee per week, easy menu serving standard cafe food, pasta, pancakes etc

DA Approved liquor license

Cafes like this don't usually go on the market and you won't find anything else like this at the present time

The crazy thing about this business is that it is NOWHERE NEAR FULL POTENTIAL!

Current owners have never been in hospitality prior to buying this business and have also become complacent over the years

Cafe does no marketing at the moment. This can EASILY be changed with a little work by a new owner to increase takings

SERIOUS BUYERS ONLY - This is an investment grade cafe and the owner wants a discreet sale so details of the opportunity will only be presented to qualified buyers.

Contact

Steven Ung on

0427 978 477 for more information



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