Cafe - Takeaway - Under Management - Cafe-Under management-Takings $20000 p.w.-Net $4270 p.w.-Inner West - M2214
Cafe - Takeaway - Under Management - Cafe-Under management-Takings $20000 p.w.-Net $4270 p.w.-Inner West - M2214
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About the business
Cafe - Takeaway - Under Management - Inner West - Agent SBX Code Number: M2214
Cafe - takeaway serving up a warm all day breakfast, a tasty lunch and handmade pastries, the menu includes assorted toasts and sandwiches, homemade hash browns and quiche etc., grilled chicken burger and beef burger etc. Selling an average of 30 kgs premium coffee per week. The business is run under full management.
Potential
Could trade more hours. Open public holidays. Expand catering business. Add home delivery. Promote marketing. A hands on experienced owner operator could save on wages and boost sales and profit.
Features
Perfect location. No direct competition. Loyal customers. Well known to locals. Solid income. Under management. Great potential.
Premises
Classical style cafe with vintage decor with a total area of approx. 200 m2 which includes commercial kitchen with cool room and storeroom.
Location
Corner location in residential and commercial area opposite a large green park in Inner West suburb.
Trading Hours
7 days - 730 am to 230 pm. Closed public holidays and 2 weeks Xmas holidays.
Lease
5 + 5 years lease commenced July 2022. - 5% annual increases. - 6 months rental bond.
Employees
Fully under management - 2 full-timers + 9-10 casuals
Comments
Misc.- 1-Refers to bank merchant fee and rubbish bill. A fully under management cafe with stable income and profit. The financials report is available to review for serious buyers. Inspection is high recommended.
Figures
Weekly Sales $20000
Rent (ex GST) $1826
Wages $7000
Profit $4270
Agent SBX Code Number: M2214 - 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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$380,000
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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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