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.
Cost of Goods $5,277
Wages incl Super $6,176
Net Profit to Working $2,991
Net Profit to Working $4,339
*Pre-Covid 19 Weekly Figures
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
Lease: Expires on October 2027
Rent & Outgoings: $1,496
Annual Increases: CPI
Seating Capacity: 42 internal and 8 external
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(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