Cafe - Espresso - Takeaway - Catering - PRICED TO SELL - Cafe - Sydney CBD - 50% rent till Dec 2021 - 48m2 - 5 Days - CB1318

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Cafe - Espresso - Takeaway - Catering - Sydney CBD - Agent SBX Code Number: CB1318

Cafe- Espresso - Takeaway - Pre Covid coffee sales of approx. 35-40 kgs. p.w. with easily prepared meals and snacks - Wide choice from popular blackboard breakfast menu, with Italian influenced lunch menu offering salads, burgers, sandwiches, wraps, juices, hot chocolate, smoothies, along with muffins and friands have strong support - Recent addition of a pizza machine. - Full kitchen which is compact and very functional with ample under bench freezer and refrigeration - Hot and cold display counters. PRE- COVID SALES $18,000 PER WEEK - Current rent at 50% till Dec 2021 of $1,390 pw ex GST - Walk in walk out ( WIWO )

Potential
Target social media - Increase catering potential - Utilise new pizza installation - Extend hours.

Features
Strong regular customer base - Excellent location - Well established for over 10 years - Easy to run. - Lots of new developments under construction nearby- Lots of tradesman getting coffee now and in future

Premises
Popular and well positioned cafe with Mural walls, open front and a hole in the wall vibe - The kitchen is located rear of serving area and an area of 48 sq. mts.

Location
Prominent position in Sydney CBD surrounded by commercial and retail and close to tram and train stops.

Trading Hours
5 days - Mon. - Fri. - 6.00 a.m. - 3.00 p.m.

Lease
Current lease expires Oct 2022 - 4% C.P.I. increases - Current Bond 6 months. - The Landlord is willing offer a new lease and rent package

Employees
2 owners 2-3 casuals

Comments
Coffee machine and grinder remain property of supplier. WIWO - Not being sold on figures - Pre Covid sales where $18K p.w. - The owner has reduced the price to meet the current market and there is lots of potential Post Covid as people return to work - This is a great opportunity for a savvy and motivated buyer who has some hospitality experience - Landlord is willing offer a new lease and rent package which is negotiable. - Lots of new developments under construction nearby including Dept. of lands and Education buildings and a 5 star hotel - A must to inspect as loads of potential!!

Figures
Weekly Sales $0
Rent (ex GST) $2800
Wages $0
Profit $0


Agent SBX Code Number: CB1318 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$58,000
Yearly Profit :

----


Country

Australia

State

New South Wales

Suburb

----


Postcode

2000

Locality

----

Established on
1988

Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you