For Sale $599,000 + SAV
This gem of a business has all the right attributes for a continuous and profitable operation:
– Lower North Shore picturesque local neighborhood location;
– True Espresso Bar Operation – minimal and simple cooking;
– Solid turnover of $20k per week;
– Low wages due to simple operation and trading hours;
– Low cost of goods due to simple menu;
– Over 55kg of coffee per week;
– New 5 + 5 year lease;
– Rent approximately 13% of turnover;
– Recent full renovation;
– Huge profitability ($8k per week)!
Located on a prime suburban street, this well-known espresso bar is a destination for the locals. Recognisable for its coffee, customer service and well known offering, this is a true coffee and breakfast destination for the locals – in fact this is the local’s choice. Ample off-street parking also makes it easy for grabbing the early morning or lunchtime coffee fix. The business has been totally refreshed and renovated and has all the ingredients now in place for the continuance of a successful operation by a driven operator.
It has not only survived the pandemic but it has thrived and is going from strength to strength. Since March, average weekly sales are over $20,000 with over 50kg of coffee per week. BAS and bank statements back this up. A weekly profitability of around $8,000 per week is recorded! A new 5 + 5 year lease will be provided to the purchaser with a full tenure to 2028.
The café has minimal cooking facilities – enough to cater for the limited menu that it has. The shop front has an inviting presence and the café has a capacity of 20 seats outdoors providing a trendy meeting place for that excellent cup of coffee.
The café itself has been established for ten years in this position and it trades seven days a week serving coffee, all day breakfast, snacks and light lunch.
The vendor is highly motivated to sell and allow the new owner to reap the hard work that has been done on elevating this business to this high level.
Capture the enormous potential of the local (high income) customer base. The hard work has been done, including a brand new renovation, and it is well set up. Opportunity exists to enhance the product offering, extend the operating hours by a few hours in the afternoon and have a new owner/operator take the reins of this established business and provide an uplift in sales.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**