Cafe - Restaurant - Gifts - Cafe - Restaurant - Takings $24,000 p.w. - Inner West Sydney - W1774
Cafe - Restaurant - Gifts - Cafe - Restaurant - Takings $24,000 p.w. - Inner West Sydney - W1774
Industry :
--Sub Industry :
Cafe - Restaurant - Gifts - Inner West - Agent SBX Code Number: W1774
Cafe - Restaurant and gift shop in separate room. - Modern Australian cuisine consisting of an all day breakfast, salads, steak sandwiches, pasta, burgers, sandwiches - Lunch daily specials such as spaghetti, Blue Fin tuna tartare, grilled Fremantle octopus, confit duck legs, Berkshire pork cutlet etc. - Currently 20-24 kgs. of coffee p.w. - Busy on weekends. - Full kitchen with cool room, combi oven - Fully licensed - Liquor License until 1100 p.m. - Currently 16 seats outside - 58 seats inside - Gift shop includes home decoration items, picture frames, porcelain dolls, leather wallets etc.(currently closed and available for office with rent and income)
Potential
Ideal position to continue to grow the coffee side of the business - Could add delivery and Uber - Expand catering - Promote the online store more - Do some marketing and advertising - Improve social media presence- Great potential for a motivated new owner or couple - Open 7 days and for dinner
Features
Exceptional location. - Rare opportunity to purchase such a cafe restaurant business. - Well established - First class fit out. - Outstanding indoor and outdoor presentation - Long lease - Award winning for many years. - Well established and known in the area.
Premises
This business has an area of 180 sq. mt. on ground floor and 60 sq. mt. upstairs with large windows.
Location
Brilliant corner location on main road in a residential area of Inner West surrounded by over 5000 units / apartments.
Trading Hours
6 days - Tues. - Sun. - 630 a.m.- 300 p.m.-
Lease
Current lease expires May,2025 + 5 year option - Bond 3 months - rent increases 4% per year.
Employees
1 Manager + 3 full timers,+3 part timers ( 2 baristas included)
Comments
One of the best looking cafes / restaurants on our books - Award designed cafe restaurant - Wide glass wall along the outdoor seats. - Inspections by appointment through your broker - Experience in hospitality is required by the landlord - A must to inspect but please be discreet. - Price reduced for quick sale. Misc.-1- Pos machine $40 p.w. - Misc.2. - Council footpath $68
Figures
Weekly Sales $24000
Rent (ex GST) $2534
Wages $6645
Profit $6969
Agent SBX Code Number: W1774 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$449,000
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Buying Advice :
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. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, 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 - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
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. 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’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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