For sale: $159,000
This is a highly profitable and well-established bistro/café with extremely strong and growing revenue and returns. Located in a rapidly improving landscape this business is nestled between major infrastructure improvements, unit developments and relocations of major corporations, which all promise major growth in the local daytime and residential population.
This business is known as a local 'institution' and is well known in the Sydney high-end bistro/café scene.
There is an untold opportunity to grow this business as:
✓ Turnover growth of over $150K in 2019FY
✓ Gross Profit improved 8% in 2019FY
✓ Simple recipes cleverly executed
✓ 5 Day Business Operation
✓ Closed 2 weeks every year
✓ Kitchen Staff self manages their roster
✓ The business has only grown organically with minimal marketing.
✓ The business has a large Social Media database which is underutilised
✓ The owner will provide handover and training to the approved purchaser.
✓ Staff have indicated they may stay on for new owner.
Growth of Turnover and Gross Profit for 2019FY
Highly consistent revenue with little advertising or marketing
Simple recipes which are easy to execute
Growing customer base
Prices have not increased substantially in the last 2 years Business is ready to scale in the local market
To enquire, click on the blue button above to complete an online confidentiality agreement. We will send you the information memorandum.
Gross Revenue: $778,187
Cost of Goods: $236,559
Gross Profit: $541,628.14
Annual Rent: $88,979.58
Net Profit: $111,712
Net Profit to Working Owner: $186,712
*All figures are exclusive of GST
*Source: 2019 FY
What happens next?
This is a Vendor sold-business, which means you will be dealing with the Vendor directly. The Vendor's contact details are in the IM, and the Vendor will also immediately receive notification of your enquiry.
We have worked with the Vendor to prepare their business and information for sale so that the process will be transparent and beneficial for both the seller and buyer.