Mosman Gem – under management, unique location, low rent!

6 days ago

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Internal Ref: TDMC0388

Summary

This well known and established café is run under management and is a weekend destination for the locals and visitors to the area as well as benefiting from a large number of commuters.

Revenue

$15,772 pw

Rent

$1,097 pw

Net Profit

$3,823 pw

Potential

The opportunity here is to capitalise on the location and solid customer base and with an enthusiastic approach, expand the menu and the operating hours and days and seek out further market opportunities, including delivery as well as exploring catering. Possibility of obtaining a liquor license (STCA). Expand the menu offering to provide a further point of difference in the area.

About the Business

This well known and established café is run under management and is a weekend destination for the locals and visitors to the area as well as benefiting from a large number of commuters during the week days.

A perfectly positioned café in the sought after suburb of Mosman, with no real competition. Primed and ready for a new operator to continue to harness the amazing potential of the location which is unique and not able to be replicated. The café boasts a strong online presence and following, with very favourable reviews. Currently operating on reduced hours.

The lockdowns did not affect the business profit wise. For the Financial Year 20/21, sales averaged $15.2k per week. There are approximately 5 years remaining on the lease.

The café serves its customers the typical breakfast and brunch fare of bacon and egg rolls, waffles, bircher, eggs benedict and smashed avocado whilst providing lunch fare of select burgers and salads. Smoothies, fresh pressed juices and coffee and tea complete the menu. As part of the set-up, a commercial kitchen with an adjacent cool-room, food preparation and storage area are available.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff
The business is currently run under management with the following staff: 1 x Manager Full Time 1 x Head Barista Casual 1 x Barista Full Time 1 x Head Chef Part Time 1 x Cook Part Time 1 x Kitchenhand Casual 4 x Floor Staff Casual Total operational hours for the business are 47 hours/week. The owner spends approximately 8 hours per week at the business.

Lease
The Lease commenced on March 1, 2022 and expired on February 28, 2027. Rental increases of 5% A three month rental bond is required. The business runs on two concurrent leases with the same landlord.

Trading Times
The Café is open 7 days a week Monday to Friday 6:30am – 1:30pm Sat-Sun 8:00am – 2:00pm The business is closed during the Christmas and Easter weeks.

Size of Premises
The Café occupies a total of approximately ~53m2 with additional storage of approximately ~11m2. It has a compact commercial kitchen and an adjacent food preparation and storage area with a walk in coolroom. Seating for approximately 21 customers. The Café has a commanding position, providing breakfast, lunch, coffee and beverages to its patrons. Plentiful free on-street parking is available nearby with untimed and free parking on the weekend.

**Weekly**
Coffee Sales Per (Kg) 30
Turnover (inc GST) $15,772
Rent $1,097
Wages $4,888
Net Profit​ $3,823

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