Summary
Boston Brokers is exclusively retained to find a purchaser for this well-established Northcote Cafe.
Revenue
$24,000 pw
Location Details
Located in a busy & highly sought after main road location with great exposure, in a high foot traffic vibrant precinct.
Potential
This business truly delivers! Structurally, the business supports continued growth and development and is an ideal acquisition for an expanding group, individual operator or investor looking for a strong return on investment.
Skills
Previous experience in running a food and beverage venue would be preferred. The current owners are willing to offer full training within the restaurant to ensure a smooth transition for the new owners.
Simple to run & operate Cafe.
Hours
The existing operation is open 7 days per week:
Monday - Friday 7am-4pm
Saturday 8am-3pm
Sunday 8am-3pm
Lease
Secure Lease with excellent rental terms and conditions.
Employees
A key component of the cafe’s success lies in its experienced & dedicated team of 14 staff members. The venue currently operates with a day manager & 5 to 6 service staff. There are a total of 14 casual staff currently employed.
Reason for Sale
Retiring after 20 years.
About the Business
Having successfully served the local community for over 20+ years, the cafe has established itself as a popular destination for coffee enthusiasts & brunch aficionados alike. The business has created a strong & distinct brand offering a range of artisan coffee & brunch fare with food prepared only using the finest seasonal produce & freshest ingredients. This business is poised to grow by extending opening hours through to include dinner service and evening drink service.
Annual Turnover: Approximately $1,200,000+
Net Profit: Circa $200,000+
Years in Operation: 20+ years
KEY HIGHLIGHTS:
1. Financial Success: The coffee shop has consistently achieved a noteworthy annual turnover of approximately $1,200,000+, resulting in a net profit of around $200,000+.
2. Experienced Team: The coffee shop is semi- managed by the owner, complemented by a dedicated team of full time & part-time staff members.
3. Secure Premises: Benefit from a secure lease with an impressive 10 years+ remaining, ensuring stability & an advantageous business environment.
4. Top-Ranked: Enjoy the distinction of being ranked No.1 in the area on platforms like Trip Advisor, outshining many competitors. This attests to the coffee shop's outstanding reputation & customer satisfaction.
5. Ample Seating: Boasting a seating capacity of 60+ indoors, with the added advantage of accommodating up to 20+ patrons outdoors.
6. Premises: Occupying a spacious double fronted shop, the coffee shop benefits from high visibility & ample foot traffic.
7. Brand Identity: The business has successfully established a robust brand identity, complete with a trademark, contributing to its recognition & customer loyalty.
8. Online Presence: The coffee shop maintains a polished & informative website, facilitating online orders, reservations, & enhancing customer engagement.
This is an exceptional chance to acquire a well-regarded coffee shop business that has already demonstrated a strong track record & room for further growth.
History
This Well Established Cafe for sale is a landmark in Thornbury. Everyone knows it.... and everyone who knows it loves it.
The Cafe sits on the ground floor of this amazing stand alone 100-year-old character style
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