Inner City Cafe | Asset sale, low rent, high foot traffic

This Inner CBD (South) cafe has been operating since late 2024 where a stylish and expensive fit out was implemented. Circumstances for the owner have changed drastically and all their hard work (and expense) is now available to a new operator at a fraction of the cost of a new fitout. Some of the equipment is still under warranty! All that is required is a focus on the business, with expansion of the offering and the mandatory social media marketing.

The rent is low around $1,200 plus GST per week), there are no outgoings and the lease is to November 2027 with a further 3 year option! No guarantors on the lease and 4% increases. The current operation is remarkably easy to run, has high foot traffic and benefits from its proximity to a high rise student accommodation building!

Sales figures are not relevant here as the business is currently not operating to its capabiility or its potential. This is simple to fix for an experienced operator.

There is free footpath seating allowing for the quick coffee/acai fix for around 12 patrons whilst there is seating inside for another 20 and a further 30 on a mezzanine level.

The opportunity here is to expand the current limited offering - introduce sandwiches, pastries, salads and further food items and reduce the hours of operation. The good rent, no outgoings and exceptional fitout make this an ideal purchase for someone's hospitality vision.

Lease Details
The Lease commenced on November 18, 2024 and expires on November 17, 2027
A 3 year option is available (taking the lease to November 17, 2039).
4% rental increases annually and at option
There are no outgoings
There is no Guarantor required

Premises Details
The business is in excellent condition and occupies approximately 132m2 with 20-60 seats inside and with a footpath license 7.54m2 for 12 outdoor seats. Grease trap connection. The business has an approximate 10m frontage with a good street presence and good foot traffic.

Opening Hours
Currently 7 days a week
Permissible Hours:
07.00 am to 10.00 pm, Monday to Saturday
07.00 am to 09.00pm, Sunday & Public Holidays

Opportunity
The opportunity here is to expand the current limited offering - introduce sandwiches, pastries, salads and further food items and reduce the hours of operation. The good rent, no outgoings and exceptional fitout make this an ideal purchase for someone's hospitality vision.

For more details, please email broker or call agents.