Exquisite Lobby Bar Café, Sydney CBD | ID: 1193

Pin   Location: Sydney CBD

Price (1)  Price: EOI – Expression of Interest > $1,199,000

Lobby Bar Café
Agent: Eddie Spur
Agent Email: eddies@abbagroup.com.au
Agent Phone: +614 17 251 015
Office Phone: 1300 064 944
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Business Headline : Exquisite Lobby Bar Café, Sydney CBD | ID: 1193

Price : EOI – Expression of Interest > $1,199,000 Category : Food/Hospitality, Cafe, Bar

Currently operating under management, this five day business will reward the new incumbent with financial spoils and pride of ownership.

Situated within a prestigious 34 floor office complex with thousands of occupants.

Established and profitable business with an upward revenue trajectory.

A truly magnificent business overall, priced to sell, will not last long!

Features:

    • Beautifully appointed, bespoke, modern fit-out with minimalist elements and perfect natural light. Cutting edge Lobby design & fit out AUD $3.1 Mil , 5 years old.
    • Excellent combination seating (x130) across the 240 sqm footprint.
    • Holds a Primary Service Authorisation license – allowing the sale of alcohol without food.
    • Currently trading 5 days per week from trade 6 am to 4pm, extended to 9pm on Thursdays & Fridays.
    • Generous lease term to Feb 2028. Negotiations in place to extend to 2030.
    • Coffee volume 70kg per week, sales $43K per week and growing.
    • Daily menu offerings cater for the busy corporate professional covering breakfast and lunch. Café is renowned for it’s 5 star food menu and drinks, with the best range of fresh and healthy salads, succulent cuts of meat and poultry all offered at casual dining prices.
    • Enormous potential for genuine growth and value add opportunities.
    • Business could easily be run under management or owner operated.
    • Genuine reason for sale.
    • Strong social media base and outstanding feedback from online review platforms.
    • Regular catering which absolutely can be driven a lot harder.

Potential:

    • There is further potential to extend to capture the Thursday and Friday evenings where workers seek to unwind, eat drink and be merry.
    • Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses and developments.
    • Opportunity for savvy marketer to ramp up promotions and social media presence to increase trade.

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  • Whilst every care has been exercised in the preparation of the business profile, the information is intended as a guide only and is based on information supplied to ABBA Group. ABBA Group give no assurances as to the accuracy of any information or advice contained. Prospective purchasers are responsible for accessing the relevance and accuracy of the business profile and urged to seek independent legal, financial and taxation advice.