Trendy Cafe Under Mgt, Newtown | ID: 1317

Brilliant cafe opportunity priced to sell.

A beautiful, ambient cafe space with appealing fit-out on offer in the thriving F&B hub of King Street Newtown. 

Key features: 

- Creative menu based on Modern Australian Breakfast and Lunch with liquor license.

- Unparalleled position and brilliant exposure to foot traffic. 

- Excellent combination seating (80 pax), including an exquisite, covered courtyard space seating up to 50 alfresco.

- Modern kitchen with recent new fit out ensuring depreciation tax benefits.

 -2 car spaces plus huge convenient storeroom.

- Generous 5+5+5 year lease term from Sep 2022 to Sep 2037.

- Currently operating 7 days: 7:30am to 5pm.

- Large, loyal customer base of professionals, university students, workers from nearby offices and resident locals. 

- Sales circa $20K+ per week and growing.

- Coffee Kilos 26kg per week and growing.

- Modest Rent ($2,400 ex gst p.w incl.outgoings). Optional store-room $225 ex gst p.w if required

- Genuine reason for sale due to owners other work demands.

Business Potential:

- Running as a managed-business, significant upside could be enjoyed for an owner-operator to drive revenues and profit.

- Huge catering opportunities are untapped along with corporate function or venue-hire trade options.

- Potential to open for dinners with something different to offer patrons such as late nights Thursday /Friday/Saturday with live music.

- Opportunity to expand reach through PR, Facebook, TikTok, regular email comms and promoted events 

- Opportunity to support a variation in the current menu based on the owner’s creative ambitions as the functional kitchen could easily adapt.

- Potential to better utilise liquor licence. There is great potential to open the cafe in the evenings (maybe as a wine bar with music). Cafe is fully licensed and has permission to open 12pm Friday and Saturdays, 11pm all other nights.

- Opportunity to re-apply for prior approved footpath seating (10pax).

A truly unique and magnificent business overall, inviting expressions of interest from genuine F&B operators. 

If you would like to know more about this business please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-1317

or visit our Website www.abbabusinesssales.com.au and use the reference #1317 to search for the business.

Please note: A stock image has been used and does not reflect the actual business for sale.