Internal Ref: PI Cafe
Summary
This business has huge potential as it is in the best location in the area, with key ankor supermarket 20 metres away, and huge food traffic. Older owner with health issue needs to sell.
Revenue
$500,000 pa
Net Profit
$100,000 pa
Location Details
Great parking, Leafy outlook, massive sporting fields being upgraded next door with pathways leading right to this spot.
Potential
This business has the best location, with huge foot traffic and no real competition. It just needs an owner with some experience and cash to throw at turning the business in to what it should be. This business has the ability to be a business turning over $25,000 + per week, but is currently just a simple cafe with standard food, and not a lot of energy. This is a rare site that all foodies need to jump on quickly.
Reason for Sale
Owner currently in hospital. Genuine reason for sale. Female owner works the business with some staff but this place needs an owner under the age of 60. They do a great job in looking after customers, but the offering and ambience needs some work. Massive potential and great landlords who will bend over to make you happy.
About the Business
With so many positives attached to this opportunity, a buyer with experience is needed to take this business to where it can be. The business closes early every day with shoppers walking past every minute and the after school potential is massive. The business is a cafe but could easily be a fantastic night spot which the locals would no doubt flock to. Everything is ready and in place for the business to sell alchohol, and when you are front and centre in a busy centre, an experienced owner can take this business very quickly from $10K per week turnover to $20k, and more.
Enquire now before your competitors do. First in best dressed.
The owners want cash buyers, so if you are not a very solid buyer, and need to ask your bank if you are allowed to borrow money from equity, then you may not be the right buyer.
Cash is King, and this seller deserves a cash buyer with experierience and a quick deal considering the health situation and the quality of the business and location.
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