$120,000 OPPORTUNITY BUY | ICONIC CAFÉ FOR SALE IN BALMAIN

UNDER OFFER






Business Overview

In every crisis there can be many opportunities that present themselves, this unparalleled cafe in Balmain is one of them.


Prior to COVID-19, this fully managed business was generating consistently strong profits to the owner. Now during the restrictions in place, it continues to operate for takeaway trade and remains financially sustainable. There is no doubt that once restrictions are lifted, the trade will return to normal.


This is an operator's dream business, in normal circumstances, it is consistently busy all year round with a very strong local following. It is in a prime location, renowned for great coffee and an exceptional menu with all products made on site.


There is a long lease with low rent in place (significant rent relief currently provided by the landlord) and a strong professional team in place, standardised service procedures as well as recipes available too.


This business sale has a high level of goodwill for just the asking price of its asset. With the 'Instant Asset Write-Off Scheme' of $150,000 offered by the government, buying this business will start you off in a financially strong position.



Financial Summary


Revenue $16,638

Cost of Goods $5,277

Rent $1,496

Expenses $629

Wages incl Super $6,176

Net Profit to Working $2,991

Owner (EBITDA)

Net Profit to Working $4,339

Owner (PEBITDA)


*Pre-Covid 19 Weekly Figures





Features


Financially sustainable during COVID-19 restrictions

Fully managed with detailed procedures in place

Long lease of 2 + 5 with low rental expense

Commercial kitchen with grease trap and large cool room

40 kilos of coffee per week

Great position with outdoor seating









Premises


Lease: Expires on October 2027

Rent & Outgoings: $1,496

Annual Increases: CPI

Seating Capacity: 42 internal and 8 external



Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "


Daniel Kogan

(e)  daniel@vbaaustralia.com.au

(m) 0401 620 918

(t)   (02) 8923 2632


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

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30 + years experience 

in operating, selling and buying

businesses

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CONTACT VISION

(02) 8923 2632

info@vbaaustralia.com.au

Level 32/ 101 Miller Street
North Sydney, NSW 2060

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