Laneway Vibes

A very unique cafe come bar on the North side of Sydney.


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ANNUAL TURNOVER $600,000 +

 

TYPE CAFE & BAR

SUITS OWNER OPERATOR OR PARTNERSHIP

WEEKLY TURNOVER $13,000 +

WEEKLY RENT $1,330

WEEKLY PROFIT TO OWNER/S $2,500 +

TRADING 7 DAYS

EMPLOYEES 7

SEATS 60

 

 

FOR SALE $149,000 + Stock at value

 

KEY STRENGTHS

  • Situated in an affluent suburb on the Lower North Shore.

  • Trading since 2016.

  • Nestled in a cosy laneway that is secluded enough to add atmosphere but still has plenty of foot traffic.

  • Excellent reputation and reviews.

  • 4.4/5 Google Rating

  • Hotel Liquor Licence.

  • Unique alcohol offering that draws customers from all over Sydney.

  • Dedicated parking space for the owner.

  • Quality team already in place.

  • A 5 year lease until November 2021 with another 5 year option to extend until November 2026.

  • Featured in Lux as Best Day to Night Eatery, Flavours of Sydney, ABC Morning Show and War on Waste Episode 4.

  • 30KG of Coffee per week.

  • Regularly booked for functions of 30-50 people with a bar tab.

  • The bar has monthly ticketed events which sell out in advance and are $85 per head. Key suppliers supply product free of charge which makes these events highly profitable.

  • Menu features freshly baked goods & serious coffee in the morning with signature cocktails in the evenings.

  • Full financials available.

FUTURE POTENTIAL

  • Monthly ticketed events sell out in advance so a new owner could increase the events to weekly or fortnightly.

  • Scope to increase revenue with a stronger presence on social media and other advertising avenues.

(Listing Reference 510)