Situated in a unique and recognisable building in Ultimo, this large profitable café, bar and catering business is offered for sale. Fully managed with an impressive turnover of $32k per week for a 5 day operation (closed Saturday and Sunday. And with the lease agreement being based on 10% of turnover means that when the business closes at the weekend or for holidays (3 weeks at Christmas, Easter etc) there is no rent to pay!
It has a full commercial kitchen and a good mix of indoor and outdoor seating. The business is underpinned by regular catering and repeat customer base.The catering side to the business is experiencing high year on year growth.
The business trades just 47 weeks a year and has minimal input from the current owners. Wages presented are for an under-management operation.
A secondary and fully fitted café/kiosk space on the lease with a DA approved seating area presents a great opportunity to grow the sales immediately. Plans are available for the unused outdoor space and include everything that you need to increase the seating and visibility almost overnight.
A very manageable business which keeps wages in line and profits healthy. An experienced owner operator will obtain a strong ROI and lower the wage costs even further.
The opportunities are simple – continue and expand the catering; utilise the approved secondary kiosk space; improve on the current operation! Perfect for an experienced operator who wants a solid cash flow. It ticks all the boxes. These businesses do not come around often, so get in touch today.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Lease Details
The Lease commenced on April 1, 2021 and expires on March 31, 2026
A 5 year option is available (taking the lease to March 31, 2031)
Rental amount at 10% of turnover
Premises Details
The business is in good condition and occupies approximately 162.7m2 internally with seating capacity of 54 inside and an outdoor area of 106.5m2 capable of sitting 40 customers. Additionally, a 14m2 kiosk upstairs and an outdoor area of 37.7m2 . Fully licensed with on-premise, PSA and Catering license. Fitted with all the necessary equipment including fridges, ovens, freezers, dishwashers and ice machine.
Staff Details
The business is currently run under management with the following staff:
1 x Full Time Chef
1 x Casual Supervisor/Barista
4 x Casual All Rounder/FOH
2 x Casual Kitchen Hand
Opening Hours
5 days
Mon-Tue 7:30am to 3:30pm
Wed-Thu 7:30am to 8:00pm
Friday 7:30am – 10:00pm
Saturday, Sunday, Public Holidays closed
A total of 55.5 operational hours per week
Opportunity
The opportunities are simple – continue and expand the catering; utilise the approved secondary kiosk space; improve on the current operation! Perfect for an experienced operator who wants a solid cash flow. It ticks all the boxes. These businesses do not come around often, so get in touch today.
**Weekly**
Coffee Sales 15
Sales $32,056
Rent $2,914
Wages $8,006
Net Profit $6,605
