Iconic, Branded Cafe-Bar-Restaurant, Sydney Olympic Park | ID: 1349
Iconic, Branded Cafe-Bar-Restaurant, Sydney Olympic Park | ID: 1349
Industry :
Food/HospitalitySub Industry :
Takeaway FoodA rare opportunity exists to acquire a highly esteemed day time cafe/restaurant, dually branded with a proven burger concept perfectly suited for evening trade. The venue is popular with event and concert goers prior to large events held in the Sydney Olympic Park precinct.
Key Features:
- Beautiful, modern fit-out, upgraded in 2022 at a cost of $300K.
- Sales average $21k per week, & are on an upward trajectory due to very favourable dinner sales from the current summer concert season.
- Cafe seats 96 patrons over the 120 sqm footprint, including 20 alfresco seats placed in prime position on a lively pedestrian strip.
- The business enjoys premium pricing and high discretionary spends from its customer base.
- Approx. 24 kg coffee/hot chocolate is sold per week and food offerings include breakfast, lunch and dinner.
- Restaurant trades as a nationally branded coffee outlet from 7am to 3pm and then the sign above the door switches over to its highly popular branded burger concept for evening trade.
- Generous 17 year lease term has been secured from August 2015 to August 2032.
- Current rent is $11K per month + gst and includes all outgoings.
- Operating 7 days. Mon-Wed 7am-6pm (or to 8pm for events), Thu-Sat 7am-8pm, Sun 7am-2pm.
- Under this multi award winning coffee brand, the loyal customer base is rewarded with outstanding coffee, a world-class dinner menu and remarkable experience.
- Cafe is fully operational, compliant and expertly set up, with all systems and processes, licenses, certificates and approvals in place. Excellent support and training provided by the franchise network with very reasonable royalty %.
- Strong social media base and outstanding feedback from online review platforms.
- Genuine reason for sale due to owner health issues requiring treatment.
- Full financials are available and there is genuine growth/value-add opportunities.
Future Potential
The full cook kitchen could easily support the inclusion of variations to the dinner menu with potential to build on catering clients using brand’s existing reputation and the abundance of nearby corporates. Additional benefit from high surge trade from over 70 annual large events held at Accor Stadium, Qudos Bank Arena and the Showground.
If you would like to know more about this business, please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-1349
or visit our website at www.abbabusinesssales.com.au and use the reference #1349 to search for the business.
Please note: A stock image has been used and does not reflect the actual business for sale.
Property Code: 1349
Specialising in transactions from $1m, we can manage the sales process for you from beginning to end. This includes:
- Preparing your business for sale
- Formulating a marketing strategy
- Identifying and approaching prospective buyers
- Negotiating price and contract terms
- Facilitating settlement and handover
- Formulating the brief and your acquisition ‘criteria’
- Performing an internal review and researching the market
- Identifying, assessing and approaching acquisition targets
- Negotiating price and contract terms
- Overseeing settlement and handover
We’re often asked why it pays to engage a buyer’s agent. And the answer is simple.
- Sourcing finance
- Applying for tenancy
- Preparing a business plan
- Advising on tax
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$399,000
Enquire about this business
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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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