SOLD: $115,000
Business Overview
This cafe is a very simple-to-run 6-day operation that serves a limited range of fast-moving popular breakfast and lunch meals, snacks, and treats, with a good reputation for coffee.
The cafe requires just 4 staff on their roster to operate during their business hours of 7am - 3:30pm which includes one full-time working owner.
During the FY22 the business turnover was over $600,000 + GST, with full financials available.
As the potential new owner, you can enjoy a net profit shown which is shown in the financial statements of approximately $50,000, after taking your own salary for working 5 days per week of $100,000 plus super. Alternately, as the business is simple to operate, you could replace the working owner with a cafe all-rounder with a current market rate of $80k plus super and build a passive rate of return of approx. $70,000 per annum
The base rent is circa 10% of revenue.
The cafe sells between 20 - 30kgs per week and has an enviable location in the inner west which guarantees a constant flow of residential, corporate, and industrial customers.
The lease extends until 2026, which includes an option to renew.
Due to its takeaway nature, the cafe has demonstrated itself to be pandemic resistant.
All plant and equipment, furniture, and fittings are in excellent condition, as the cafe is less than 3 years old.
The owners are selling due to new interests and partners in different locations.