Cafe and Restaurant
Parramatta l NSW

New listing

Cafe - In busy Justice Precinct area of Parramatta For Sale

Easy start-up and growing potential for someone getting into the industry.

Position
Located below an office building with solicitors and next to a 4000+ person office building and other large office and apartment buildings. Well located in Justice precinct with endless supply of customers and those travelling to Bankwest stadium.

Revenue
$5,000 pw

Great Rent and Size for area
$895 pw

Net Profit
$1,200 pw

Location Details
Main street location, by requested

Hours
5 days - 7am - 3pm

Lease
3+3 years

Size of Premises
Approx. 90 square metres + indoor seating for 30 people and Outdoor seating area for 8

Opportunity
The current owner is not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.

Reason for sale
Owners currently work full time elsewhere and lack time to develop the business to its full potential.

Located one block away from Law Courts including Family Court, District Court and Children's Court. Many law firms in the surrounding area.

Jessie Street Centre is located around the corner, a very large office tower. Major tenants include Australian Taxation Office.

V Serviced Apartments is also located 100m away.

Any buyer is welcome to do a Google search on proposed developments in the area, which generally draws higher-spending tradespeople and associated professionals to the immediate locality.

Unlike many café opportunities in Parramatta, Marsden St will not be directly impacted by light rail construction.

Summary
A well-presented café in a long-established and prominent location.

The café serves a true specialty coffee, batch roasted in Alexandria NSW. Currently selling about 10-12 kgs a week but steadily increasing with many repeat customers and word of mouth sales.

The menu is best described as modern Australian catering to office workers, for breakfast, brunch and lunch. Popular items include toast (by Brasserie Bread), house made cakes and muffins, paninis, and hot meals including bacon and egg rolls, omelets and burgers.

There is no restriction on the type of menu you can bring to the location (unlike a shopping centre) and you can change it as you wish.

The café has outdoor seating for 8 people and indoor seating for approx. 30 people.

Whole cafe is approx. 90sqm which is very spacious and provides plenty room to expand the business including dedicated space for catering.

Potential
The café is currently run under management and the owners both work full time elsewhere so very difficult to make changes – necessary to grow the business – quickly.
An owner operator will be able to quickly come in, reduce wages and costs, market the business and quickly grow the revenues.

Catering
Explore catering opportunities with the many surrounding businesses.

Liquor License
Café covers requirements, such as serves food, water and has access to male+female bathroom.

Social Media
Instagram is currently in its infancy. Marketing to local businesses and social media. Increase sales on Hey You!

Weekend Trade
Potential for Saturday trade from surrounding apartments and hotels, and also more games at the new Bankwest Stadium (due to demolition of Sydney Football Stadium).

Hours Currently operating Monday – Friday, 7.00 am – 3pm. Choose your own hours, there are no restrictions on trade (unlike a shopping centre).

Financial
Majority is in the morning (coffee, cake, toast, bacon egg rolls) so good opportunity to increase the lunch time trade given the amount of office workers nearby.

Employees
Currently run under management with 2-3 employees, however bring your own expertise and bring your own staff if desired. Café only requires 2 and a half staff currently.

What's included?
Lease, café furniture, near-new La Marzocco 3-Group Linea PB coffee machine, 2x Mazzer Grinders, menu boards, 2x A-frame menu boards, Sayl ambient display cabinet, 2 timber planter boxes, refrigerator display, fridges, freezers, catering fridge, contract grill, roband commercial toaster, sandwich press, ductless exhaust, fryers, meat slicer, robotcoupe, Moffat Turbofan oven, plenty more.

Price: $55,000 Negotiable WIWO question mark popup button
Client No: W216768567

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Australian enquiry? Yes No

Contact Details

If no telephone number contact is displayed here, then seller prefers initial email contact

    (Private sale, no contact by agents or marketers please.)

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