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Cafe & Coffee Shop business for sale in Newtown

  • Cafe & Coffee Shop
  • Newtown NSW 2042
  • $198,000 (GST na)

F3329 - Business For Sale - Cafe Coffee Shop Cafe Sales $18,000 p.w - Newtown NSW - Nett $4000 pw Est 20 years - City Fringe

Cafe - Espresso - City Fringe
SBX Business Code: F3329
Cafe - Espresso - Currently serving 30 kgs.coffee p.w - Modern Australian food including breakfast , sandwiches ,light snacks , salads, corn fritters, falafel lamb, monster steak sandwiches, pastries and cakes as well as cold drinks, smoothies, milkshakes and frappes - Full kitchen - 60 seats inside.The cafe has been established over 20 years in the same location near the Police station - Fire Station - Court house and the local Neighbourhood centre and all are regular customers and in particular all the lawyers and solicitors come to the cafe with their clients before they attend the court.Also a lot of the locals are their regular customers and they support the cafe all the time 7 days a week.

Potential
To open for dinners especially on Friday - Saturday - and Sunday nights .Great opportunity to build on over 200 google reviews with an average rating of 4.5 Stars.

Features
Well established - Local icon. - Very simple business to run.The cafe has been established over 20 years in the same location .Fire Station - Court house and Neighbourhood centre.Over 200 google reviews with an average rating of 4.5 Stars.Vegetarian Friendly, Vegan Options, Gluten Free Options

Premises
Nice presentation with full kitchen and an area of 100 sq. mts.

Location
Prime street front location close to railway station in City Fringe.

Trading Hours
7 days - Mon. - Fri. - 7.30 a.m - 4 p.m. - Sat. - 8 a.m. - 4 p.m. - Sun. - 8.30 a.m. to 3.30 p.m.

Lease
Current lease expires in Feb. 2024 - 3% annual rental increases - 3 month bond .

Employees
One owner works 2 days a week (Wed and Sun) - One Managers wages have been added back to profit - 1 kitchen hand , 1 barista plus casuals as required

Comments
The vendor owns the coffee machine and grinder. - Current owner had no ofood experience when he purchased the business. - First time on the market and a must to inspect. Over 200 google reviews with an average rating of 4.5 Stars.
Figures
Weekly Sales $18000
Rent (ex GST) $2272
Wages $5000
Profit $4000

SBX Business Code: F3329

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015625522
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Category
Last updated  9 Jun 2020
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