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FOR SALE BY VENDOR

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Placed perfectly in the heart of the Pyrmont community

Restaurants & Catering , Food, Sales below $1m, Restaurants & Catering

Pyrmont, New South Wales 109 Views

Asking Price $185,000

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SALE OR INVESTMENT DETAILS

  • $514,000 Gross Sales per annum
  • $100 Assets Included in Sale
  • Yes Finance Available (subject to approval)

Reference ID: 7575700

Highlights

  • Placed perfectly in the heart of the Pyrmont community
  • Easy to run. Strong operational systems set up - Established 2016
  • Experiencing a strong COVID revenue recovery
  • All equipment and fit out is included - No ongoing equip lease cost

Business Overview

This Cafe

This cafe can be best described as a cosy, local favourite, well known and loved in the Pyrmont community. 

Established in 2016, this is the place that customers walk into and feel special because the crew all know their name. And before the person has placed their order, the coffee has been started because their special order is etched in the minds of attentive and well trained crew. Even if it is a 3/4, almond, flat white, with one sugar. 

The focus of this cafe has long been quality, speed and everyday value, where people can come everyday, not once a week. The customers here appreciate specialty coffee and tasty food prepared fast so that they can continue on their way. The importance of good operations, efficiency and systems have not been overlooked here to enable a smooth customer experience. 

Opportunity

This cafe presents an amazing opportunity for a new owner to walk in and continue the legacy that this cafe has built. The immeasurable goodwill and strong systems established by the current owners enable a smooth transition into a new business venture that is already established. With all of this in place your next challenge will be to add your own flare and new perspective that this cafe craves.   

So whether you are a seasoned entrepreneur or dipping your toe in the business game for the first time, this cafe is perfect for either. Completely set up, well run and established customer base. 

COVID

This snug cafe has enjoyed 30% growth year on year since it was lovingly opened in 2016. As we all know, COVID has changed things for everybody, but this cafe's revenue has stayed relatively stable and has started to experience a strong recovery.

The cafe is still performing strong in a COVID world because the business model hasn't had to change. It has primarily been a grab and go business and focused on speed with fast customer turnover. It is established on delivery platforms and has contactless ordering functions. There has been a 30?cline in overall sales that are steadily making a strong comeback.   

The owners are happy to talk through all financials at any time. 

Location

It is placed perfectly in the heart of the beautiful Pyrmont community. A short walk over Pyrmont Bridge and you're in the heart of the Sydney CBD (1km), it's a few steps from Darling Harbour (450m), up the road from the Fish Markets (500m) and parked in front of an extremely busy bus stop which is considered to be the gateway to Pyrmont. Pyrmont is anticipating substantial growth as the suburb continues to develop. 

What you get

  • Easy to run profitable cafe
  • Full fit out (All paid off - No ongoing fit out expenses costs)
  • All equipment (All paid off - No ongoing equipment costs. Est $60,000 value)
  • Systems and processes and training documentation passed on
  • Goodwill and strong established customer base (4.6 Google rating and 5 star Facebook rating)
  • Office space and ample storage space
  • 2 x carpark spaces
  • Long 3 x 3 lease

Get in touch

The owners would love to talk you through this opportunity and answer your questions. Please get in touch to find out more. 


The Opportunity

Placed perfectly in the heart of the Pyrmont community. Close to The Star, Fish Markets, Darling Harbour and Sydney CBD 

Easy to run - strong operational systems set up 

Established in 2016, has built a strong, loyal customer base that comes with time and looking after people 

All equipment and fit out is included in the sale and there are no ongoing equipment lease costs

Experiencing a strong COVID revenue recovery 

The premises are owned by a supportive landlord, with long lease terms available

Run by a small crew 


To learn more about this opportunity, please get in touch with us: 

FOR SALE BY VENDOR 


Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, director’s benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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