Cafe - Bondi Westfield - Prime Location - Over $300k Profit - Under Management

Bondi Junction, NSW

Food/Hospitality / Cafe/Coffee Shop, Restaurant, Takeaway Food
$699,000 + Sav
Listing ID1762093

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This is a profitable cafe in an amazing location with a new fit-out and a 6-year lease.

Location Details
This cafe is well positioned within Bondi's Westfield and receives a high level of foot traffic.

Potential
The business enjoys a large area in a prime position in Westfield. There is a total of 113 square metres of space including; seating area (for 70 people), a kiosk adjoined to the seating area for preparing coffee and general service, and a 15sqm kitchen/storage area that is separate to the cafe.

The cafe is already performing well, but a new owner can also consider developing a website and social media platform to engage the local community and drive up customers, as well as loyalty.

Lease
Current lease expires 14 May 2023.

Employees
2 x FT (Cafe Manager & Chef)
8 x PT (Barista & General wait staff)

Reason for Sale
The owner is moving interstate for family reasons.

About the Business
This is a beautifully designed cafe in one of Australia's largest shopping centres, Bondi Westfield. The cafe is in a prime position out the front of a major department store and enjoys strong foot traffic. The business is run under management which allows the new owner to pursue other interests, or alternatively to join the team and save money on wages.

The cafe has a new fit-out that was only completed 12 months ago, so there will be no need to invest further capital. The cafe also comes with a significant list of assets that are included in the sale price.

At present, the business has no online or social media presence so there is a significant opportunity to open up a new channel to the market and develop a loyal customer base.

The business presents an exceptional opportunity for a new owner to step into a profitable business that has a proven model.

Key facts about this cafe:
* Run Under Management;
* Easy to Run, Turn-Key Business;
* Brand New Fit-Out;
* Seats up to 70 Patrons;
* Moves Approximately 55kg of Coffee per week.

For more information on this opportunity, please contact the undersigned:

Simon Bedard
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0488 899 944 T: 1800 858 696 E: simon.bedard@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1762093 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.