Internal Ref: 4431
Summary
A rare opportunity to acquire a large, long-established cafe restaurant occupying a prominent positioned alongside the thoroughfare of a busy, dominant shopping centre. Establis...
About the Business
A rare opportunity to acquire a large, long-established cafe restaurant occupying a prominent positioned alongside the thoroughfare of a busy, dominant shopping centre.
Established under the current ownership since 1998, this well-presented cafe enjoys high ceilings, excellent natural light and great exposure, while retaining a peaceful and relaxed atmosphere. With an attractive outlook and undercover outdoor seating, it is an ideal meeting place for breakfast, lunch or catching up with friends over coffee.
The business is owner-operated, with the owner primarily overseeing management, ordering, staff rosters and covering staff when required. After approximately 28 years, the owner is now looking to retire, creating an excellent opportunity for an experienced operator to continue this well-established business.
Business Highlights:
Approx. $18,000-$21,000 weekly turnover
Busy core trading period approximately 9am-2pm
Approx. 12-18 kg coffee per week
Trading 7 days, 7am-5:30pm and Thursday until 9pm
Large premises of approx. 194m internally + 48m external area
Approx. 100-seat capacity, with substantial indoor and outdoor seating
Undercover outdoor dining with an attractive outlook
High ceilings and excellent natural light
Fully equipped commercial kitchen
Grease trap and commercial ventilation/exhaust
Walk-in cool room
Toilets on premises
Excellent shopping-centre exposure and customer traffic
Plenty of convenient shopping-centre parking
Long lease until July 2031
Annual increases approx. 4.5%
Rent approx. $4,000 per week including outgoings
Cost of goods approx. $3,700 per week
Staff wages approx. $7,500 per week
Owner's wages approx. $1000 per week
Electricity approx. $580 per week
Insurance approx. $139 per week
Gas approx. $60 per week
Rubbish removal included in outgoings
Profit under management: $2000 approximately
A substantial cafe with the size, location, fit-out and established trading history that would be difficult to replicate. Ideally suited to an experienced cafe or hospitality operator looking to take over an established venue with further potential.
Contact: Angelo Fournaris 0410 544 347 [email protected]
Disclaimer: Financial information is supplied by the vendor. Network Infinity and its agents make no warranty as to its accuracy and accept no liability. Buyers should conduct their own due diligence and obtain independent professional advice. Images are for illustrative purposes only.
Buyer Identification / AML Requirements: In accordance with Australian AML/CTF requirements, prospective purchasers may be required to complete identity verification and customer due diligence before confidential information is released or a transaction proceeds.
Verification is conducted through a secure third-party platform and a verification fee may apply. Buyers who are unwilling to complete the required verification may be unable to progress their enquiry.
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