About the Business

​TAKE NOTE. This is a WIWO business.

WIWO, short for "Walk In Walk Out," is a common term in the Australian business selling. It refers to a type of business sale where the buyer takes over the business operations immediately upon purchase, without the need for extensive transition or stocktaking. The seller essentially leaves everything as it is, allowing the new owner to "walk in" and "walk out" with the business.

The only condition attached for this WIWO business is being sold is obtaining landlord approval for an assignment of the lease.

The owner has a health-related matter hence has an urgency to offload. This potentially means purchaser can buy a quality business with undervalued assets from a seller desperate for an exit. As a buyer, it is up to you to perform your due diligence to ensure you know what you are getting into.

The café is fully equipped and ready to go—no extra investment needed. It's currently run by one full time Manager and some causal staff for the busy hours. There is no big team required with plenty of room to grow and lot of untapped potential. The shop's weekly rent is $900 including GST, O/G and electricity and is supported by a very friendly landlord and a lease till September 2030.

Weekly turnover is averaged at $5,000 (including some cash) and weekly net profit is close to $1,000 after paying the wages, cost of goods, rent and miscellaneous expenses. The Manager's wage is around $1,200/week so if the buyer is an owner operator, the annual netting for this business will be over $100,000.

The owner used to work there but not much given with health-related issue and is committed to offer education and a "hassle free" transition to the new owner.

This is a WIWO offering for any motivated operator who is after best return on investment. Besides, this is a perfect business for buyers who are applying 188A business visa in order to satisfy his/her visa application.


DISCLAIMER:
All information provided in this advertisement is for general information purposes only and is based on details supplied by the business owner. Some particulars may be rounded-off. Prospective buyers should conduct their own due diligence and seek independent professional advice before making any decisions. We do not warrant or guarantee the accuracy, completeness, or currency of the information provided.