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Business ID BS8960

Very Successful Modern Café under management - Western Sydney

Operating Profitably Under Management. T/O $ Avg. $30K p/w . Owner's historical income $233K pa Avg. 3 years- New long term lease available at new reduced rental meaning a new owner can profit in excess of $300K pa from this business.  

OWNER MOVING INTERSTATE- Business continues to operate very successfully in a tough retail environment
This Coffee Lounge Restaurant was fully refitted in March 2018 on a new seven-year lease so there is nothing to spend. There is a high pedestrian flow ensuing it remains busy and the management team is experienced and will remain. Due to its location, the business income is secure and is an ideal investment for someone looking to establish themselves in the food industry. 
    •    Operated under management
    •    30 years history
    •    Very tidy financial records
    •    Best location with high traffic and exposure
    •    Reliable managers in place
    •    $30,000 per week in Sales
    •    $6,000 per week to owner
    •    35-40kg coffee sales
    •    Onsite roasting facility
    •    Beautifully presented
    •    Recently refurbished
    •    Nothing to spend
    •    6 year term remains on lease 

The owner is happy to provide a smooth handover and training period. The business is operated predominantly under management, so we would envisage a 2-3 week handover would be sufficient to a new owner.
This is a very honest business and will tick all the boxes for a suitable buyer looking at acquiring a hospitality business
Sale price $375,000 plus Stock $10,000 (est)

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Business Sale Price:
$375,000 plus Stock
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