Summary
Established Mermaid Beach cafe serving ONA coffee. Prime high traffic location, minimal owner involvement, 95k equipment included, long lease, strong growth potential. 129k WIWO.
Revenue
$10,500 pw
Rent
$1,600 pw
Expenses
$6,200 pw
Net Profit
$700 pw
Location Details
2400 Gold Coast Highway
Located in Mermaid Plaza beside Woolworths Metro with strong daily foot traffic. Prime Gold Coast Highway position with free underground parking and directly across from the upcoming Gold Coast light rail stop.
Potential
Huge growth potential with evening trade never tested despite approval to trade until 10pm. Commercial kitchen is underutilised with capacity for expanded menu, catering and delivery. No paid marketing, loyalty program or social media strategy currently in place. Directly across from the upcoming Gold Coast light rail stop expected to significantly increase foot traffic through Mermaid Plaza.
Skills
Ideal for an owner operator, cafe manager or hospitality investor. Current systems and procedures already in place with minimal owner involvement required. Experience in hospitality, coffee or marketing would help unlock further growth potential.
Hours
Mon to Fri 5:45am to 2:30pm
Sat to Sun 5:45am to 12:30pm
Lease
Lease to March 2027 plus 5 year option. Rent approx 76,325 per year plus GST beside Woolworths Metro in Mermaid Plaza.
Employees
4 casual staff members currently employed. Business operates with only 2 staff per day and roster largely self manages with minimal owner involvement required.
Reason for Sale
Owners are welcoming a newborn and no longer have the time to give the business the attention it deserves. The cafe is performing well and has strong future growth potential, but requires an owner ready to take it to the next level.
About the Business
Chut and Co is a specialty coffee cafe located in Mermaid Plaza on the Gold Coast Highway in Mermaid Beach. Positioned directly beside Woolworths Metro with strong daily foot traffic, the business benefits from consistent exposure to locals, commuters and shoppers every day.
The cafe has built a strong reputation around premium ONA specialty coffee, high quality food and excellent customer service. Operating successfully for 3 years, the business has developed a loyal repeat customer base and runs with minimal owner involvement.
The tenancy includes a fully equipped commercial kitchen with over 95,000 worth of quality equipment, most only 1 to 3 years old. There is also a large underground storage area included, something rarely available in comparable cafes.
The business currently trades daytime hours only despite approval to operate until 10pm, creating major growth potential through evening trade, expanded menu offerings, catering or delivery. No paid marketing or social media strategy is currently being utilised.
Located directly across from the upcoming Gold Coast light rail stop, the business is well positioned to benefit from increased future foot traffic through the precinct.
History
Established approximately 3 years ago, Chut and Co was created to deliver high quality specialty coffee and fresh food in a modern, efficient cafe environment. Since opening, the business has built a strong local following and continues to grow primarily through word of mouth and repeat customers.
Connect with us