Award-winning rapidly growing cafe with newly added licenced bar

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Internal Ref: 112819

Summary

An award-winning, rapidly growing cafe with newly added licensed bar located just south of the Sydney CBD.

Location Details

Located just south of the Sydney CBD.

Potential

This is a wonderful opportunity to acquire a rapidly growing cafe-bar business in a tastefully renovated airy warehouse space in Redfern.

Skills

The business offers a strong and rapidly growing revenue base with a capable team of staff in place and is run under staff management. The premises are located close to the city in a stunning, large airy converted warehouse space with industrial fittings and original artworks throughout.

Hours

7 days a week

Lease

Lease expiry 16th June 2024

Employees

5x Full time

- 1 Venue Manager

- 3x Chefs

- 1 x Barista

8x Casual staff

- 1x Barista

- 7x Wait staff

About the Business

The business was established in 2016 and consistently receives outstanding customer reviews for its innovative food and Instagram-worthy location. The premises are located close to the city in a stunning, large airy converted warehouse space with industrial fittings and original artworks throughout. The cafe can seat up to 180 patrons and there is a large central courtyard garden that is shared with surrounding tenancies. Recently added to the business is a separate bar with hotel license that will open onto the same courtyard and extends the business’s offering into the evening dining and drinking space. The business offers a strong and rapidly growing revenue base with a capable team of staff in place and is run under staff management.


Key facts about this business:
- Funky converted warehouse premises that mix the industrial heritage with modern styling and artworks

- Inside seating for 180 and shared garden courtyard seating for 120

- Part of a large creative space, ideal for private functions and events

- Seasonally inspired, innovative food served in the café that has become renowned as a brunch venue

- Hotel Liquor license allowing the sale of liquor without food, 7 days a week

- Addition of the bar provides for huge expansion opportunities for the business and offers exceptional room for continued revenue growth

- Potential to significantly expand the food offering across longer day trading

- Strong revenue and run under management

- Huge social media following, and the business and venue has featured in many television productions and photo shoots.


History

The business was established in 2016 and consistently receives outstanding customer reviews for its innovative food and Instagram-worthy location.


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


Paul Smith
Business Sales Specialist
Allsales Business Consulting & Business Sales
M: 0420 550 433 T: 1800 858 696 E: paul.smith@allbizsales.com

For more details go to www.allbizsales.com and complete our online confidentiality agreement. Use the reference ID 112819 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.

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