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Posted 27/03/2020 in Food and Beverage by ABBA Group

Trendy Cafe, 6 days, Redfern / Surry Hills area | ID: 901

Redfern NSW 2016, Australia
$119,000.00 Cafe Bar Restaurant / Business For Sale
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Summary

Owner has slashed price to sell due to a legitimate commitment to other businesses. Stunning shop re-fit and branding. Unbelievable opportunity. Includes liquor license. This offer will not last long.

Revenue

$10,000 pw

Rent

$935 pw

Net Profit

$2,365 pw

Potential

• The business can open longer hours including Mondays
• Huge catering opportunities untapped
• Scope to grow by increasing coffee sales from the current 12kg per week
• The kitchen could possibly support menu variation or conversion from Cafe to Cafe/Restaurant
• An owner-operator could possibly improve overall cafe performance.

Lease

Low Rent ($935 per week) with 3+5+5 lease.

Reason for Sale

Other ventures

About the Business

Unbelievable cafe opportunity !! Owner has slashed price to sell due to a legitimate commitment to other businesses. Reluctant sale as owner has just invested $200K outlay on a stunning shop re-fit and branding. Includes liquor licence. This offer will not last long.

Key features:

- Creative menu based on Modern Australian Breakfast and Lunch.

- Unparralled position and exposure to foot traffic.

- Low Rent ($935 per week) with 3+5+5 lease.

- Cafe has great indoor/outdoor seating with 40 seats (15 undercover outside).

- Brand new kitchen and fit-out, great storeroom plus customer restroom.

- Currently operating 6 days 7 am to 3 pm (closed Monday).

- Customers from nearby offices, residential developments and loyal locals.

- 12kg week Coffee / $10K plus Sales per week but could easily increase.

- Potential to better utilise liquor licence / extend trade to night time.

- Huge catering opportunities untapped.

If you like to know more about the Business please complete our online confidentiality agreement here:
https://www.abbabusinesssales.com.au/ca-forms/ca-form-901

or visit our Website www.abbabusinesssales.com.au and use the reference #901 to search for the business.

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ABBA Group

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Member since 02/03/2020

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Listing Details

  • Asking Price
  • $119,000.00
  • Price Comments
  • Negotiable (NEG)
  • Status
  • Business For Sale
  • Business Type
  • Cafe Bar Restaurant