Summary
Incredible Price of $125,000, over $10,000+ weekly turnover, trading Mon-Fri 6am-3pm! Located in St Leonards Business District. Earn back the purchase price in just ONE YEAR!
Revenue
$10,000 pw
Rent
$3,000 pw
Expenses
$4,600 pw
Net Profit
$2,400 pw
Location Details
Great street frontage. High traffic flow in the morning for coffee from neighbouring office workers and pedestrian foot traffic. Easy street parking, with many tradies in the morning stopping by to grab a coffee and breakfast roll.
Potential
The menu items are old-school and easy to replicate. The new owners' introduction of new menu items based on the latest trends has good growth potential.
There are lots of opportunities to improve the business. For example, there is currently no social media for the business. The owners are 55+ years old and not as tech-savvy. New owners have substantial growth opportunities to increase the cafe's online profile and branding!
Opportunity to improve business by catering orders/delivery from nearby offices.
Skills
Easy to operate cafe business, established for 17 years with many regular and loyal customers.
Hours
Monday - Friday (5 days, only weekdays) from 6am to 3pm.
Lease
3 years remaining, with opportunity to sign new lease with landlord.
Employees
2 owners working in the business and 2 employees.
Reason for Sale
This has been a family business for 17 years (since 2008), and the owners seek to retire and pass it on to younger owners or experienced cafe investors with more energy and new ideas!
About the Business
Location: The cafe is in the busy St Leonard’s business district complex, surrounded by office towers and residential properties. Only 500 metres (5 minutes’ walk) from St Leonard’s train station.
Trading 5 days a week (Monday to Friday) from 6 am to 3 pm. Perfect for young owners with families, no weekends!
Sales revenue/turnover: $10,000+ a week. Opportunity for massive revenue increase for the right new owners by introducing new menu items and building a social media presence. Pre-covid revenue of $15,000+ a week (average $3k+ a day), with the return of more workers to the office, huge upside potential for even greater profitability. Yearly turnover of $550,000 with net profits of $125,000.
Sells 15kg of coffee weekly: loyal regular customers for good coffee. The cafe has been using Lavazza coffee beans for over 15 years, has a state-of-the-art coffee machine, and has a great relationship with Lavazza reps.
Lots of space and tables outside for dining (seats 30 – 50 people). Plenty of natural light!
The sale includes all fit-out and equipment: a commercial-grade kitchen, appliances, air conditioning, counters for hot food and salad, a noodle and sandwich bar, and a large cool room. The kitchen is fully equipped with exhausts, a grill, a large stovetop, two deep fryers, and a new combi oven.
History
This Cafe has been opened for over 17 years by the same owners, a couple who are now both approaching 60 years of age and seeking to transition to retirement.
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