SOLD
Business Overview
This well-equipped and easy-to-operate lobby cafe/espresso bar in the North Sydney - St Leonards area is the perfect opportunity for any owner-operator.
Only trading 5-days a week, it provides a strong income and an incredible work-life balance to the owner. It is ideally located in the lobby of a fully tenanted corporate building with street window frontage and direct access to an abundance of professionals within the corporate hub, as well as local residents.
Catering is in high demand and extending hours is possible with recent approval for a 7-day trade.
There is limited staff required, low overheads, high-quality coffee, and an easy to prepare light food menu, which makes this business an absolute stand-out!
Best suited to an aspiring hospitality entrepreneur or experienced professional looking to acquire a fantastic business with plenty of further growth opportunities above and beyond its increasing revenue.
Features
5-day trade | Approved for 7 days
Low overheads and limited staff required
New lease of 4+4 years, ending in January 2029
Simple to operate with no complicated cooking required
Steady upwards trend in revenue each month
Average of 25kg coffee per week
Financials
Revenue: $6,702
Cost of Goods: $2,547
Rent: $973
Expenses: $626
Wages incl Super: $1,189
PEBITDA (Profit to Working Owner): $1,367
*Average Weekly Financial Summary
Premises
Lease: 4 + 4 years | Ending in January 2029
Annual Increases: 4%
Operating hours: 7:00am - 4:00pm | 5-day trade
To enquire on this business and obtain further details, please click on the blue button at the top of the page.