Summary
Want to be your own boss and set your own hours? Love coffee and people? Then this is a great opportunity to take over a charming and highly rated cafe in Darlinghurst.
Revenue
$37,000 pm
Rent
$5,200 pm
Expenses
$25,000 pm
Net Profit
$6,800 pm
Location Details
Located in a high foot traffic area near the heart of the city, frequented by locals and tourists.
Potential
Turnkey opportunity to acquire a beloved cafe in the heart of Sydney. Currently under management, this popular location seeks an owner-operator who could replace casual staff and forge a strong connection with the regulars.
Skills
Experience in hospitality and barista training.
Hours
Open Monday through Friday, 6:30 a.m.- 4 p.m., and Saturday/Sunday, 7 a.m.- 4 p.m. (winter hours closing 2:30pm)
Lease
The lease expires on 27 November 2027, with an option to renew for a further 5 years.
Employees
Currently, there are 3 casual employees to cover all shifts, but to turn a profit, this needs to be operated by owner. An owner-operator could earn $65k.
Reason for Sale
Looking to exit the industry.
About the Business
This charming cafe has six tables (seating for 12), but most business is takeaway coffee. Popular menu items include bacon & egg on Turkish bread and homemade roast chicken wraps. The staff roast the chicken and prepare homemade sausage rolls on site, with wraps prepared fresh daily or on demand.
Pastries are bought wholesale, currently, so there is an opportunity for a bakery owner to expand sales to this location. There is no bakery in the area, and demand is high for gourmet meat pies and other fresh-baked goods that we cannot supply. The organic fair trade coffee blend used is popular with the regulars (some having frequented the cafe for 10 or more years), local professionals and office workers, tradies, as well as tourists staying at nearby hotels. Peak business is during the spring and summer months, but the local clientele and frequent foot traffic means this cafe never has a truly quiet period.
History
A cafe at this location has been in continuous operation for 15 years, first owned by a coffee roaster. The current owner took over 1 year ago, investing in new equipment, maintenance, painting, signage, and a rebrand, which, along with a refreshed menu, doubled income throughout the year, but the inability to work at the venue and replace casual staff wages means operating at a loss. An owner-operator would not have this issue.
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