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In every crisis there can be many opportunities that present themselves, this unparalleled cafe in Balmain is one of them.
Prior to COVID-19, this fully managed business was generating consistently strong profits to the owner. Now during the restrictions in place, it continues to operate for takeaway trade and remains financially sustainable. There is no doubt that once restrictions are lifted, the trade will return to normal.
This is an operator's dream business, in normal circumstances, 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 low rent in place (significant rent relief currently provided by the landlord) and a strong professional team in place, standardised service procedures as well as recipes available too.
This is an ideal opportunity for the right operator. The vendor is motivated to sell and is prepared to consider all reasonable offers. This business sale has a high level of goodwill for just the asking price of its asset.
Financially sustainable during COVID-19 restrictions
Fully managed with detailed procedures in place
Long lease of 2 + 5 with low rental expense
Commercial kitchen with grease trap and large cool room
Great position with outdoor seating
Lease: Expires on October 2022
Rent & Outgoings: $1,496
Annual Increases: CPI
Seating Capacity: 42 internal and 8 external
Cost of Goods $5,277
Wages incl Super $6,176
Net Profit to Working $2,991
Net Profit to Working $4,339
*Pre-Covid 19 Weekly Figures
In anticipation of further questions you may have, we kindly ask you to fill out a confidentiality agreement. This will enable us to disclose information about the business including its name, location and financials.
You can do this by following the below link and simply clicking on the "click to enquire" button, then follow the prompts. https://www.mybizsale.com.au/post/opportunity-buy-cafe-for-sale-in-balmain
We look forward to working with you.
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