TOTAL UNDER MANAGEMENT, PROFITABLE, POPULAR CAFE IN A FANTASTIC LOCATION

20 days ago

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Internal Ref: BUY2491

Summary

Thriving costal cafe nested in a most popular GC suburb is beautifully-appointed with a contemporary ambiance & consuming 40kg weekly coffee beans

Net Profit

$115,000 pa

About the Business

​This beautiful, profitable and popular cafe is situated in an upscale suburb of Gold Coast with a prime beachfront location that is home to some of the city's most expensive properties with median house prices in the suburb are $3,400,000.

The owner established this cafe in 2023 and trust it with a team of hospitality professionals headed by a full time Manager who has been running the ship almost since the debut of the cafe. It is very popular with the locals, boaties and holiday makers who have been enthusiastically devoted to its unique signature range of cakes, superior quality coffee, delicious gourmet sandwiches along with its exceptional customer service. The manager has maintained the highest standards of quality and taste to acquire an extensive client base.

The shop has a long lease till 2028 with another 5 years option and a weekly rent of $1,800 (inclusive of O/G & GST). The landlord is friendly and supportive to the business as it helps to boost the popularity of the location.

Weekly income is averaged at $13,500 with weekly net profit of $2,200+ ballpark which is generating a handsome passive income for the owner who is reluctantly to offload but due to his new career plan and personal reason.

The owner does not go and work there, it is a total under management business.

All wages payments are above board so the business has clean financials and a very simplistic operation model. With all the proven business systems in place, this is the best opportunity for hospitality-driven entrepreneurs or anyone who is passionate and people-friendly to own this cafe and to take it to the next level capitalising on its success.

This is also a perfect business for the overseas migrants who need to buy a local business to satisfy their 188A Visa applications.

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