Cafe Avalon

12 days ago

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Internal Ref: PG 313

Summary

Cafe and Organic Wholefoods Avalon Northern Beaches Two separate shops, next door to each other, separate leases, separate figures, one owner. 1)Cafe 2)Organic grocer.

Revenue

$16,700 pw

Rent

$1,216 pw

Net Profit

$3,000 pw

Location Details

Located in a neighbourhood-style group of shops easily accessible for locals with Parking available.

Potential

Currently closes Mondays.
Can open longer, evenings and on Mondays if a new buyer so chooses.
A buyer who chooses to take both the cafe and the organic shops has the ability to expand and possibly use the cafe kitchen to prepare take-home meals soups curries etc for the Organic shop sales section.

Skills

Barista and cooking skills would be favourable

Hours

Opens six days 7 am to 3 pm.

Lease

long lease 4 years to go plus 5 years option.

Employees

3-4-5 staff depending on days and seasons.

Reason for Sale

The owner has 3 businesses a young family and its time for something to give.

About the Business

Cafe and Organic Wholefoods

Avalon Northern Beaches

Two separate shops, next door to each other, separate leases, separate figures, one owner.

To be sold together.

1)Cafe

2)Organic foods and vegetables

Sale price $295,000 plus stock (Both adjoining stores )

The cafe operates with three staff most days while the organic shop can be run by just one. The owner works in the kitchen one day and two days on the coffee machine.

The cafe sells 20 kilos of coffee per week but their food represents more than 60% of sales allowing for higher margins and higher profits.

Located in a neighbourhood-style group of shops easily accessible for locals with Parking available.

Fit out and equipment of top-class quality and fully unencumbered. The seating for the cafe is on a covered deck area, seating about 45 with a wheelchair access.

Grease trap and DA available.

A long lease of 4 years plus a five-year option with a very competitive rental of $1216 .81 Plus GST per week for both shops! That's far less than 10% of sales!

The first calendar year ( Nov 17 to Nov 18 ) showed cafe sales of $600,291 and sales of $119,989 for the separate Organics shop next door. An average of $13,851 per week in total.  Please note initial trading days were only five days a week for the majority of the year.

Opening now just six days, 7 am to 3 pm, turnover is now currently growing at a fast pace and now sales are more than $14,700 a week in the cafe alone

A buyer due diligence is welcome.

The owner is selling for genuine reasons. A young family and another business in another area make it difficult to spread himself around and after one full year of trade, the platform is there for a new operator to expand and take this opportunity to another level. He works three days a week and spreads his extra time at his other business located 20 minutes away, where he lives.

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