For Sale: $700,000
There are many reasons why this cafe represents an incredible opportunity in the market right now. You will need to review the information memorandum to truly appreciate this standout opportunity.
This business is extremely well established with firm roots in the community and not reliant on any tourism, despite its destination appeal. Extremely simple to run with over 70kg of coffee per week.
This business has thrived during COVID. June sales 2020 were $183,000 up 20% in June 2019.
Limited competition and commercial space.
Long lease and low leasing costs at under 4%.
This business is in a stunning and prominent location, minutes from one of Australia's most special beaches. There is booming local infrastructure and growth and the business outlook (and owner's lifestyle) is bright and sunny indeed.
Revenue in excess of $1.6M
Solid profit to the working owner of $360k in tax accounts
Lease of longer than 10 years and less than 4% of revenue
Visually stunning and nothing to spend for years
Loyal community following means it is busy even without the tourists
June sales 2020 were $183,000 up 20% on June 2019
Gross Profit: $1,100,000
Wages incl Super: $669,694
Lease: Ends in March 2024
Annual Rent: $55,000
Annual Increases: 3%
Internal and External Sqm: 135 sqm
Seating Capacity: 70 indoor
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(m) 0450 326 146
(t) (02) 8923 2632
The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business