If it is a 5-day CBD Lobby Café you are after, then look no further.
This prime located Lobby Café is situated under a 22-floor office tower, housing some of the biggest online and tech organisations around and situated in a fully refurbished lobby with plenty of natural light, indoor seating and a large outdoor seating area which all adds to the appeal of this fantastic business.
The indoor seating area has approximately 30 seats, with a further 36 outdoor seats. A liquor license is also in place.
The business has been given a new injection of life and the results have taken this café on the trajectory to achieving its full potential. With a turnover of over $8k per week (20kg of coffee), $1,000 rent per week, no outgoings ($54/week optional car space) and a lease of around 9 years (including option), this is a solid café with scope to further improve. With a great counter presence, a larger than usual food preparation area and separate storage area, this is a simple operation, serving coffees, pastries, light breakfast, lunch and afternoon delights. It currently operates Mon-Fri : 7:30am 3pm. A car space is also included at a small cost.
The signs are good for this café as it combines lifestyle with business. This is an opportunity to take this business past its current upwards trajectory. Placing emphasis on social media, advertising and marketing will assist with this immensely. The catering side of the business is an untapped revenue stream and just requires the focus to achieve the additional sales from the tenants within the building but also the surrounding buildings and offices. Reducing the Cost of Goods is also suggested, together with passing on the bank Merchant fee for every transaction.
Lease Details
The 5 year lease commenced on November 1, 2019 and expires on October 31, 2028.
A further 5 year option to October 31, 2033 is in place.
No annual rent increases. Fixed rent at Option.
Security Deposit - Three months' rent plus outgoings plus GST
Premises Details
Approximately 23.5m2 of internal shop space (counter and food preparation) with 52m2 of indoor seating space (30 seats) and 42.4m2 of external seating space (36 seats). Well presented. Separate storage room (9.3m2) and a car parking space available.
A well-proportioned food preparation area with an inviting counter/service area in the lobby of the 22-storey building with A-grade tenants. A light and spacious environment that is inviting for customers.
Staff Details
The business is run by the following:
2 x Casual Baristas
2 x Casual All Rounders
1 x Owner
The total operational hours are currently 37.5 per week
Opening Hours
5 days a week
Monday to Friday 7:30am - 3:00pm
Saturday & Sunday. Closed
Public Holidays Closed
There are 37.5 operational hours per week
Opportunity
The signs are good for this café as it combines lifestyle with business. This is an opportunity to take this business past its current upwards trajectory. Placing emphasis on social media, advertising and marketing will assist with this immensely. The catering side of the business is an untapped revenue stream and just requires the focus to achieve the additional sales from the tenants within the building but also the surrounding buildings and offices. Reducing the Cost of Goods is also suggested, together with passing on the bank Merchant fee for every transaction.
**Weekly**
Coffee Sales 20kg
Sales $8,320
Rent $962
Wages $1,371
Net Profit $1,323
