High Turnover Cafe - Returning Over $250k In Profit - Sydney CBD

Sydney, NSW

Food/Hospitality / Cafe/Coffee Shop, Restaurant, Takeaway Food
$950,000 + Sav
Listing ID1951895

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This cafe is one of the most highly rated coffee & food destinations in Sydney's CBD, established for over 10 years & now available to the market.

Location Details
This cafe is well positioned within Sydney's bustling CBD.

Potential
Due to the busy inner city location & exceptional reputation, this cafe has enormous potential, such as:

- Extending the trading hours to capitalise on late afternoon/night trade.

- As a result of extending the trading hours, delivery / takeaway options can be considered as additional income streams.

- Expanding into catering via local area marketing, utilising the cafes exceptional reputation & length of establishment to generate catering clients.

Skills
Experience in the cafe & hospitality industry would be beneficial.

Hours
7 days a week
Mon to Fri: 7am - 4pm
Saturday : 8am - 4pm
Sunday: 8am - 3pm

Lease
Expires in 2020 with a 1x5 year option available.

Employees
Overall (not required daily):
2x owners work part-time (20 hours per week each)
1x FT (head chef)
9x Casuals (Wait staff/Baristas/Juniors/Kitchen Hands/Assistant Chefs)

Daily requirement (currently):

2x Chefs
1x Kitchen hand
1x Barista
2x Wait Staff

Reason For Sale
After over 10 years of ownership, the owners are ready to move on to new ventures/next chapters in their lives, providing they achieve the right price.

About the Business
On offer is an exceptional cafe both in presentation & reputation located within Sydney's CBD (inner city). Established over 10 years ago, this opportunity is exciting for purchasers looking for a well-established cafe business that still boasts huge potential.

The cafe operates with ease as both owners work part-time sharing 1 FT role. Current ownership roles consist of overseeing operations, management of staff & managing social media & marketing. It is perfect for either a sole owner operator or a husband & wife team' to transition smoothly into ownership.


Key facts about this cafe / restaurant:

- Over hundreds of reviews online & just under 5 stars on multiple platforms making it one of the most well-rated cafes in the area & online.

- Well established with over 10 years of operation, boasting an exceptional reputation.

- Current owner's work as overseers & PT (20hrs per week each), the cafe shouldn't be affected by owner transition & 1-month handover/training will be available.

- FY17 turnover exceeded $1m, FY18 set to exceed $1m also.*

- Owner returns above $250k++ for FY17 & FY18 set to be similar.*

- Very affordable lease set to expire in 2020 with a 1x5 year option available.


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

Kane Hansen
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0421 362 488 T: 1800 858 696 E: kane.hansen@raywhite.com

For more details complete the contact us form on this page or go to www.allbizsales.com and complete our online confidentiality agreement. Use the reference ID 1951895 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be 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, owner's salaries, directors benefits, personal expenses, nonrecurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business Categories: Cafe , Coffee Shop , Breakfast, Lunch, Food , Eat In Menu, Takeaway Menu, Sydney CBD, Hospitality, Excellent Reviews