Summary
Brilliant cafe opportunity priced to sell. A beautiful, ambient cafe space with appealing fit-out on offer in the thriving F&B hub of King Street Newtown. Key features: - Creative menu based on Modern
Potential
- Running as a managed-business, significant upside could be enjoyed for an owner-operator to drive revenues and profit.
- Huge catering opportunities are untapped along with corporate function or venue-hire trade options.
- Potential to open for dinners with something different to offer patrons such as late nights Thursday /Friday/Saturday with live music.
Lease
Low Rent ($935 per week) with 3+5+5 lease.
Reason for Sale
Other ventures
About the Business
Brilliant cafe opportunity priced to sell.
A beautiful, ambient cafe space with appealing fit-out on offer in the thriving F&B hub of King Street Newtown.
Key features:
- Creative menu based on Modern Australian Breakfast and Lunch with liquor license.
- Unparalleled position and brilliant exposure to foot traffic.
- Excellent combination seating (80 pax), including an exquisite, covered courtyard space seating up to 50 alfresco.
- Modern kitchen with recent new fit out ensuring depreciation tax benefits.
-2 car spaces plus huge convenient storeroom.
- Generous 5+5+5 year lease term from Sep 2022 to Sep 2037.
- Currently operating 7 days: 7:30am to 5pm.
- Large, loyal customer base of professionals, university students, workers from nearby offices and resident locals.
- Sales circa $20K+ per week and growing.
- Coffee Kilos 26kg per week and growing.
- Modest Rent ($2,400 ex gst p.w incl.outgoings). Optional store-room $225 ex gst p.w if required
- Genuine reason for sale due to owners other work demands.
Business Potential:
- Running as a managed-business, significant upside could be enjoyed for an owner-operator to drive revenues and profit.
- Huge catering opportunities are untapped along with corporate function or venue-hire trade options.
- Potential to open for dinners with something different to offer patrons such as late nights Thursday /Friday/Saturday with live music.
- Opportunity to expand reach through PR, Facebook, TikTok, regular email comms and promoted events
- Opportunity to support a variation in the current menu based on the owner’s creative ambitions as the functional kitchen could easily adapt.
- Potential to better utilise liquor licence. There is great potential to open the cafe in the evenings (maybe as a wine bar with music). Cafe is fully licensed and has permission to open 12pm Friday and Saturdays, 11pm all other nights.
- Opportunity to re-apply for prior approved footpath seating (10pax).
A truly unique and magnificent business overall, inviting expressions of interest from genuine F&B operators.
If you would like to know more about this business please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-1317
or visit our Website www.abbabusinesssales.com.au and use the reference #1317 to search for the business.
Please note: A stock image has been used and does not reflect the actual business for sale.
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