After over 10 years of ownership, the owners are ready to move on to new ventures/next chapters in their lives, providing they achieve the right price.
About the Business
On offer is an exceptional cafe both in presentation & reputation located within Sydney's CBD (inner city). Established over 10 years ago, this opportunity is exciting for purchasers looking for a well-established cafe business that still boasts huge potential.
The cafe operates with ease as both owners work part-time sharing 1 FT role. Current ownership roles consist of overseeing operations, management of staff & managing social media & marketing. It is perfect for either a sole owner operator or a ‘husband & wife team' to transition smoothly into ownership.
Key facts about this cafe / restaurant:
- Over hundreds of reviews online & just under 5 stars on multiple platforms making it one of the most well-rated cafes in the area & online.
- Well established with over 10 years of operation, boasting an exceptional reputation.
- Current owner's work as overseers & PT (20hrs per week each), the cafe shouldn't be affected by owner transition & 1-month handover/training will be available.
- FY17 turnover exceeded $1m, FY18 set to exceed $1m also.*
- Owner returns above $250k++ for FY17 & FY18 set to be similar.*
- Very affordable lease set to expire in 2020 with a 1x5 year option available.
For more information on this opportunity, please contact the undersigned:
Kane Hansen Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0421 362 488 T: 1800 858 696 E: email@example.com
For more details complete the contact us form on this page or go to www.mentoredb.business and complete our online confidentiality agreement. Use the reference ID 1951895 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, nonrecurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
Business Categories: Cafe , Coffee Shop , Breakfast, Lunch, Food , Eat In Menu, Takeaway Menu, Sydney CBD, Hospitality, Excellent Reviews