A rare opportunity exists to acquire a highly esteemed day time cafe/restaurant, dually branded with a proven burger concept perfectly suited for evening trade. The venue is popular with event and concert goers prior to large events held in the Sydney Olympic Park precinct. The local customer base from nearby offices and residents also provides a consistent revenue stream. The business holds an on-premises liquor license.
Key Features include:
- Beautifully appointed, modern fit-out, recently upgraded in 2022 at a cost of $300K.
- Sales of $21k average per week, are on an upward trajectory due to very favourable dinner sales from the current summer concert season.
- Cafe has seating for 96 patrons over the 120 sqm footprint, including 20 alfresco seats placed in prime position on a lively pedestrian strip.
- The business enjoys premium pricing and high discretionary spends from its customer base.
- Approx. 24 kg coffee/hot chocolate is sold per week and food offerings include breakfast, lunch and dinner.
- Restaurant trades as a nationally branded coffee outlet from 7am to 3pm and then the sign above the door switches over to its highly popular branded burger concept for evening trade.
- Generous 17 year lease term has been secured from August 2015 to August 2032.
- Current rent is $11K per month + gst and includes all outgoings.
- Operating 7 days. Mon-Wed 7am-6pm (or to 8pm for events), Thu-Sat 7am-8pm, Sun 7am-2pm.
- Under this multi-award winning coffee brand, the loyal customer base is rewarded with outstanding coffee, a world-class dinner menu and remarkable experience.
- Cafe is fully operational, compliant and expertly set up, with all systems and processes, licenses, certificates and approvals in place. Excellent support and training provided by the franchise network with very reasonable royalty %.
- Strong social media base and outstanding feedback from online review platforms.
- Genuine reason for sale due to owner health issues requiring treatment.
- Full financials are available and there is genuine growth/value-add opportunities.
Future Potential
The full cook kitchen could easily support the inclusion of variations to the dinner menu with potential to build on catering clients using brand's existing reputation and the abundance of nearby corporates. Additional benefit from high surge trade from over 70 annual large events held at Accor Stadium, Qudos Bank Arena and the Showground.
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-1349
or visit our website at www.abbabusinesssales.com.au and use the reference #1349 to search for the business.
Please note: A stock image has been used and does not reflect the actual business for sale.
Property Code: 1349
