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Cafe & Coffee Shop business for sale in Newington

  • Cafe & Coffee Shop
  • Newington NSW 2127
  • $450,000 + SAV Negotiable

Franchise Cafe, Under Management - Newington - Open to offers!

Open to offers - Owner wants it sold. This is an attractive, busy shopping centre venue with a broad clientele and the support of a premium brand. The business is the sole cafe and receives good customer reviews on a regular basis.

Location Details
The business occupies an approximately 85 sqm location in Newington, near Olympic Park. The cafe is bright and airy with internal seating for 23 and external seating for 18.

Potential
An owner-operator can look for key opportunities to target unmet needs across the week, focusing on different target audiences at different times of the day and by offering lunch specials and other well-times offers e.g. for after school crowds, commuters/tradies and so on.

Skills
This would suit a purchaser with experience in hospitality who is looking for a business with an excellent reputation that they can either get involved in as an owner-operator and take it to the next stage or continue to run under management.

Hours
7 days a week

Lease
Lease expires in 2025

About the Business
The shopping centre itself contains a number of retailers, restaurants and takeaways, but this is the sole cafe so it has little competition. The current owners are minimally involved in the business, choosing instead to leave the day-to-day operations to the staff.

The business has recorded revenue for FY2018 of $650k+, which is a small decline in sales of 4.8% on the previous year - an owner-operator can easily turn this around and look for key opportunities.

As a franchise, there are ongoing monthly fees to the parent brand of 8% of gross sales, and the brand provides a promotional and marketing program, franchise support and training and regular menu updates with new products/dishes to offer. The purchaser is likely to be offered a new Franchise Agreement.

Key facts about this franchise cafe:
- Well-established franchise cafe since 2001
- Good quality fit out and ample seating inside and outside
- Easy to run with simple food preparation
- Currently run under management - would be ideal as an owner-operator venture
- Ongoing franchise fees of 8%
- Lease with 6 years still to run
- Well-equipped, nothing to spend
- Ample opportunities to grow revenue
- No other cafes located in the shopping centre
- Excellent franchise support and training provided

For more information on this opportunity, please contact the undersigned:

Nick Poulos
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0410 076 114 T: 1800 858 696 E: nick.poulos@mentored.business

For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 20560524 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Food , Hospitality , Restaurant , Coffee , Cafe , Google Reviews , Business for sale , Sydney , Newington

Business Highlights

Business ID2015172660
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Category
Last updated  24 Apr 2019
Map for Newington NSW 2127Newington NSW 2127
Mentored Business Sales
11/1 Chifley Square Sydney NSW 2000

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