Vendor MUST SELL - if you want a fully functional licensed cafe in Glebe, act now!
This Inner West licensed cafe is for sale. If you are looking for a venue to move straight into and have cash-flow from day one, this is for you! You will need to provide a new focus on the business, its operating costs and expansion of the offering and the mandatory social media marketing.
The rent is good, there are low outgoings and the lease is to June 2027 with a further 5 year option! The current operation is remarkably easy to run, has high foot traffic and benefits from its proximity Glebe Village, Broadway Shopping Centre, Glebe markets and various Universities.
Sales figures are $11,694 per week and the business is currently not operating to its capability or its potential. This is simple to fix for an experienced operator.
There is available footpath seating for around 12 patrons whilst there is seating inside for another 65. It has a functional commercial kitchen with coolroom and is fully licensed.
The opportunity is a quick fix - utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses' profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.
Staff No
The business is currently run by:
3 x Casual Chefs
2 x Casual Kitchen Hands
3 x Casual Baristas
3 x Casual Waiters/FOH Total Operational Hours are 65.5
Lease Info
The Lease commenced on July 1, 2022 and expires on June 30, 2027
A 5 year option is available (taking the lease to June 30, 2032).
5% rental increases annually and at option A three month bond is required
Trading Times
7 days a week 7:30am to 3:00pm from Monday to Friday; Thursday 5:30pm to 8:30pm and Friday 5:30pm to 9:30pm 7:00am to 4:00pm and 5:30pm to 9:30pm Saturday 8:00am to 4:00pm Sunday
Size of Premises
The business is in good condition and occupies approximately 132m2 with 65 seats inside and with a footpath license (6m2) for 12 outdoor seats. Grease trap connection, exhaust and coolroom are included. Fully licensed. The business has an approximate 10m frontage with a good street presence and good foot traffic.
Opportunity
The opportunity is a quick fix - utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses' profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.
**Weekly**
Coffee Sales 10kg
Sales $11,694
Rent $2,094
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