Location:
Brisbane City 4000 > Brisbane - Greater > Queensland
Investment level:
$98,000 + SAV
Type:
Business
Industry:
Food & Drink > Coffee, Cafes & Restaurants
Under mgt, high turnover, long established & profitable café in a near city location surrounded by affluent suburbs & perfect for 188a applicant
$120,000 pa
This is a highly attractive café, bistro and bar offers an outstanding menu with delicious offerings that have created a strong and growing customer base.
Situated in a high demographic inner city suburb, in a cluster of hospitality venues in a small popular shopping centre, this café offers continued growth opportunities.
Established by the present owner in 2017 by partnering with a café franchisor. And now is the time for the owner to dissociate with the franchisor and sell the café business as an independent non-franchised business. The owner is undertaking a de-franchisation process and is the direct lessee of the tenancy agreement, consequently the detachment from the franchisor will be quite simple.
Key aspects of the business is its high turnover of gross sales of around $22,000 per week with good profit to an under management owner who is reluctant to offload due to exigency matters to attend overseas. Therefore, the business is selling with below market price via WIWO (Walk in Walk out).
The owner will assist to negotiate a new lease for the buyer, training and provide input to build a new set of menu.
This business will be perfect for Visa 188a applicants.
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