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Restaurant Food/Hospitality Business

Sydney 

Sold on 10 Mar 2017
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    Restaurant Food/Hospitality Business in Sydney

    Outstanding Restaurant/Cafe in an Affluent Eastern Sydney Suburb! Innovative, Original and Profitable. This Will Not Last!

      Summary
      Outstanding Restaurant/Cafe in an affluent Eastern Sydney Suburb is up for Sale! Established in February 2015 this business is starting to thrive and is ready for a passionate new investor or owner & operator to continue its strong growth. All the ground work has been done with Council approval to extend trading hours and the addition of a liquor license, this business is ready to excel.

      Revenue: $15,000 pw

      Rent: $1,600 pw

      Net Profit: $3,500 pw

      Location Details
      Located in an affluent Eastern Sydney Suburb with significant footfall and traffic passing by, this business is in a Prime Location. Additionally, this business has an impressive Social Media presence of over 9,000+ followers. A very exciting opportunity!

      Potential
      This business proves to be a great opportunity for a new owner to acquire a well-established business in a trendy location. There is strong potential to grow the business under the current brand identity or to introduce new products. The potential is endless, this model/brand could easily be taken nation-wide and has a strong brand following that can be leveraged for franchise operations. Additionally, the business has just received approval for extended trading hours and a liquor license, the current sales have no alcohol sales included. HUGE Potential!

      Skills
      No specific skills required. The business is suited to an owner operator or investor and could be run under management with current employees. Experience in the hospitality industry would be useful however not essential.

      Lease
      Currently in the second year of a five-year term. An additional 5 + 5 option to follow

      Employees
      8 casuals + owner (40 hours)

      Reason for Sale
      Owners has a young family and have been offered a position outside of the industry

      About the Business
      This restaurant/cafe was purchased by the current owner in February of 2015. It has been built into a very successful operation and is ready to evolve into its next phase.

      The business has recently been approved for an extension of trading hours. Now 10pm each evening, this equates to an additional 49 trading hours per week. Additionally, the business has received a liquor license and is now set up to sell Craft Beer and Wine.

      A few facts about the business:

      • Child Friendly Cafe, significant repeat custom
      • Next to the main shopping strip, footfall is endless
      • Original Menu
      • Unique and quality coffee - 30kgs a week
      • Eastern Sydney Location
      • Great in-shop vibe
      • Finance Options Available
      Categories:

      Restaurant, Cafe/Coffee Shop, Takeaway Food