Almost too good for words! This well-established cafe has generated strong returns to its ownership, even through the worst of the pandemic and is now rife with opportunity for further growth under a new stewardship.
Situated in an iconic site with a 25-year history of hosting tremendously popular cafes, this business is situated in an upscale area, mere moments away from Sydney’s vibrant CBD.
Occupying an area of 132sqm, the owners spent an estimated $600K fitting it out in order to not only meet, but exceed the high-standards set in the area. And they have certainly been successful in this regard!
Prior to the Pandemic, the business was experiencing a jaw-dropping 7.8% year-on-year growth in revenues and was on track to generating $350,000 PA in returns to its ownership. Thanks to smart decision-making and pro-active leadership, it has recovered strongly and generated $260K+ in FY 2021.
The business offers a variety of popular breakfast and lunch staples 7 days per week (7.30am to 5pm) and is located in close proximity to various offices and businesses, allowing for a steady flow of customers throughout the day.
This is indeed a great opportunity to own a profitable cafe and drive even greater returns by leveraging its superb reputation and loyal following and implementing relatively straight-forward steps such as opening on evenings to satisfy strong local demand.
So, wait no further and contact us for more details! This opportunity has been priced to sell and will not last long!
Listing ID: NSW10059
Broker: Paul Helliwell
Phone: + 61 2 9899 1999 / 0419 015 046
To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10059
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Keywords: Hospitality, Cafe, Coffee, Food, Beverage, Takeaway, Breakfast, Restaurant
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.