$220,000 MUST SELL | ICONIC INNER WEST CAFE

SOLD





Business Overview


This fully managed cafe restaurant has been established for over 18 years and has been an iconic dining destination to the inner-west and greater suburbs of Sydney.


Prior to COVID restrictions, the business was generating consistently strong profits to the owner every year. Like all cafes the initial hit of COVID was hard, however, this business was able to leverage off of its loyal client base and has continued to increase revenue month on month since the initial downturn, with forecasts projected to exceed previous years' average takings by end of 2021FY.


In addition to the increasing turnover, the owner invested a substantial amount of capital into an amazing refurbishment of the premises, giving it a clean vibrant feel.


This is an operator's dream business, it is consistently busy all year round with a very strong local following. It is in a prime location, renowned for great coffee and an exceptional menu with all products made on site.


There is a long lease with below-market rent in place and a strong professional team in place, standardised service procedures as well as recipes available too.


*** Must Sell! *** All Offers Considered *** Final Submissions by Friday 12th March***




Features


Financially sustainable during COVID-19 restrictions Fully managed with detailed procedures in place Below market rental and low overheads Commercial kitchen with grease trap and large cool room 30+ kilos of coffee per week Great position with outdoor seating












Premises


Lease: Expires on October 2027 Rent & Outgoings: $84,000 Annual Increases: CPI Seating Capacity: 50 internal & external



Financial Summary


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