Highly Regarded Corner Cafe - Established 12 Years - Genuine Health-Related Sale

An outstanding opportunity to acquire a highly regarded and beautifully presented cafe located on a prominent corner position in one of Sydney's tightly held cafe precincts.

The current owner purchased the business approximately two months ago and has since been diagnosed with a serious health condition requiring her full attention to recovery. This is the sole reason the business is being offered for sale so soon after purchase.

The vendor wishes to be completely transparent with prospective purchasers regarding the short period of ownership. The cafe itself has been operating from this location for approximately 12 years and has developed a strong reputation within the local community, with a loyal customer following and established trading history.

Historical BAS information from the previous owner for the preceding two years is available to qualified purchasers. As the current owner has only operated the business for approximately two months, current-owner BAS statements and tax returns are not yet available.

The cafe enjoys excellent exposure with strong pedestrian and vehicle traffic and is surrounded by residential housing, local businesses and complementary retailers.

The venue is spacious, beautifully presented and extensively fitted out, with a full commercial kitchen, barista station, cool room and quality indoor and outdoor seating.

Key Features

* Genuine health-related sale after approximately two months of current ownership

* Business established in the area for approximately 12 years

* Prominent corner location with excellent exposure

* Strong reputation and established local customer base

* Approximately 106 seats

  * 78 indoor seats

  * 28 outdoor seats

* Liquor licence approved until 2:00 am daily

* Currently predominantly breakfast and lunch trade, providing substantial potential to develop evening dining, functions and liquor sales

* Approximately 20 kg of coffee per week

* Coffee machine included in the sale

* Fully equipped commercial kitchen

* Walk-in cool room

* Grease trap

* Commercial ventilation

* Full barista station

* Tables, chairs and extensive existing fit-out included

* No equipment finance owing

* Two car spaces assigned to the premises

* Established systems and staffing structure

* Business name included in the sale

* Open seven days, closing only on Christmas Day

* No demolition clause

* Lease to be transferred by assignment

* Historical BAS information from the previous owner available to qualified purchasers

Management

The business is currently operated predominantly under management.

The owner's involvement is principally:

* Managing staff rosters

* Overseeing accounts and administration

This provides an incoming purchaser with flexibility to continue operating the cafe under management or become more actively involved to potentially improve profitability.

Trading Hours

Monday to Friday:

7:00 am - 2:30 pm

Saturday & Sunday:

8:00 am - 2:30 pm

The existing liquor licence permits trading until 2:00 am daily, presenting considerable potential for an experienced operator wishing to introduce evening dining, bar trade, functions or events.

Current Trading Snapshot

* Average weekly takings: approximately $23,000

* Coffee: approximately 20 kg per week

* Liquor sales: approximately $500 per week

* No material catering income currently

* Busy periods:

  * Weekday mornings: approximately 8:00 am - 9:00 am

  * Lunch: approximately 11:00 am - 2:00 pm

* Trading seven days per week

Trading generally experiences normal seasonal fluctuations, with stronger trading through spring and summer and softer trading during winter.

Weekly Financial Summary

Approximate figures, including GST unless otherwise stated:

* Takings: $23,000

* Cost of goods: $6,000

* Rent: $3,793.36

* Outgoings: $285

* Staff wages: $7,200

* Owner wages: Nil

* Insurance: $100

* Electricity: $500

* Gas: $120

* Marketing: $100

* Telephone / Internet: $20

* Rubbish removal: $100

* Subscriptions: $50

* Pest control: $20

* Cleaning: $150

* Miscellaneous: $200

* Accounting / banking fees: To be confirmed

Vendor-advised net profit under management: approximately $3,800 - $5,000 per week.

Prospective purchasers should undertake their own financial due diligence. Historical BAS information relating to the previous ownership period is available, while the current owner has only traded the business for approximately two months.

Lease

* Current lease expiry: July 2029

* Further option: 3 years

* Annual increases: 3% per annum

* Sale subject to assignment of the existing lease

* No demolition clause

* Two car spaces assigned to the premises

* Toilets on premises

Growth Opportunities

There is substantial scope for an experienced hospitality operator to further develop the business through:

* Evening restaurant trading

* Increased utilisation of the 2:00 am liquor licence

* Functions and private events

* Expanded liquor sales

* Catering

* Corporate accounts

* Delivery and takeaway

* Increased marketing and social media activity

* Hands-on owner operation

With an established 12-year trading history, recognised local presence, extensive fit-out and highly favourable late-night liquor licence, the business provides an incoming operator with an excellent platform to continue and further develop an already established venue.

The sale is genuinely necessitated by the current owner's recently diagnosed health condition and is not related to the underlying business or location.

A rare opportunity to acquire an established and beautifully presented hospitality venue where much of the hard work has already been completed.

Inspection is highly recommended to fully appreciate the location, presentation, fit-out and future potential.

Contact: Angelo Fournaris  xxxxx  xxxxx Strictly Confidential The business name, exact location, financial information, client details and further operational particulars will be provided only to qualified parties upon the execution of a Confidentiality Agreement Disclaimer: Financials are vendor-supplied; Network Infinity and its agents make no guarantees or accept liability. Buyers should seek independent advice and conduct their own due diligence. Images are illustrative only.