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$220,000 Iconic Cafe In Sydney's Inner-west For Sale

Inner West, New South Wales, Australia
Asking Price:
$220,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

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, standardized service procedures as well as recipes available too.

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 and external

To enquire, click on the blue button above to complete an online confidentiality agreement. We will send you the information memorandum.
https://www.mybizsale.com.au/post/iconic-cafe-in-sydneys-inner-west

We hope you are the successful buyer.

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