$700,000 PROFITABLE CAFE FOR SALE | LONG LEASE FIRST TIME OFFERED

For Sale: $700,000






Business Overview


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.




Features


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








Financial Summary



Revenue: $1,650,000

Gross Profit: $1,100,000

Rent: $55,000

Wages incl Super: $669,694


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PEBITDA: $369,294



The Premises


Lease: Ends in March 2024

Annual Rent: $55,000

Annual Increases: 3%

Internal and External Sqm: 135 sqm

Seating Capacity: 70 indoor



Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process."


Dan Levitus

(e)  dan@vbaaustralia.com.au

(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

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30 + years experience 

in operating, selling and buying

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(02) 8923 2632

info@vbaaustralia.com.au

Level 32/ 101 Miller Street
North Sydney, NSW 2060

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