For Sale $419,000 Plus SAV
This popular and attractive coffee shop located in the City of Wagga Wagga enjoys a strong base of trade and is beloved among the local community and visitors with a long reputation of providing some of the best coffee in the City.
The café seats approximately 44 people inside and 36 outside and operates over a 7 day trading period. The fit-out is modern and attractive with some amazing features supplied by local artisans, all equipment is fully owned, up to date and well maintained.
The café offers a full menu of breakfast and lunch items as well as a range of cakes and snacks. There is strong demand for coffee both for dine in and takeaway and food sales have shown particularly strong growth.
A new 10 x 5 year lease commenced in May 2019 offering long term stability with rent that represents only 5% of turnover.
This is a mature and profitable business that is well organised and highly profitable with all cost centres in the business performing to industry benchmark standards with full and thorough financial reporting. There is an opportunity to increase net profits through focussing on increased efficiencies of the labour and cost of goods.
The experienced management team are capable of providing full training and the settled staff can provide the support new owners will need to ensure that the café continues its stellar career.
If you are interested in acquiring what is inarguably one of Wagga’s most successful coffee shops this is your opportunity.
* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.
Average weekly sales $26,778 per week
Weekly Rent $1,250 per week