Iconic Newcastle Cafe and Restaurant

$550,000

Category: Food and Beverage Services

This Darby Street cafe and restaurant is an icon and delivers an extensive menu catering from a simple takeaway coffee, exquisite breakfasts and lunches, to mouth-watering dinners and desserts.

The Owner has spared no expense; from the fit-out and design right through to the development of quality staff which now provides him with the opportunity to work full time in another business.

The street has always been a fan favourite and the area is set for further upside and growth with the imminent completion of the Newcastle Light Rail Project and the rise of inner-city apartments and commercial offices. This is your chance to capitalise on this beachside suburb’s growing coffee and food culture.

With revenue just under $2M and the adjusted net profit of around $250,000, this is a business that you simply don’t want to miss. It also includes a 3-bedroom apartment upstairs that yourself, a close friend or family member could take advantage of, or potentially use the space for an office or storage.

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