For Sale: $230,000
This well-established cafe/espresso bar in Sydney's CBD fringe is a perfect business opportunity for any level of experienced operator. Located in a high foot traffic thoroughfare area and only a stone's throw from the CBD; it has a strong local following, consistent trade, long lease in place and low overheads.
In addition to the strong coffee sales, it offers a simple food menu of sandwiches and light meals, as well as providing additional catering to local businesses (which are in abundance).
Currently operating only 5 days a week, there is also ample opportunity for a new owner to trade on weekends and grow the food/catering arm of the operation.
This business is well established, easy to run and highly profitable to an owner-operator. The perfect opportunity for an enthusiastic entrepreneur, hospitality professional or coffee lover to build on a business with proven success.
Full access to the business's financials will be provided once an enquiry has been submitted.
Earnings to Owner/PEBITDA: $147,000
Long lease (2+5+5) until November 2032
Low overheads and rent
Easy to operate with minimal staff required
Great location with high foot traffic thoroughfare
Consistent turnover all year round
5-day trade with approval for 7 days
Large storage room and office space on site
Sale includes coffee machine and grinders owned outright valued at $22k
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The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business