Wagga Specialty Coffee Shop | Rent 5% of turnover | First time for sale in 5 years

For Sale $399,000 Plus SAV
Property Details

For Sale $399,000 Plus SAV
Description

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This popular and attractive coffee shop located in NSW’s largest inland City enjoys a long history and was one of the City’s first specialty coffee shops. IT has a very stable and loyal base of trade that it ahs built over many years.

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 with sales in the 6 months to January 2020 averaging at $26,000 a week.

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 efficiency of the labour and cost of goods.

The café has a great crew on board with experienced chefs, supervisors and managers, the roster runs like clockwork and any new owner will have a h

If you are interested in acquiring a well-established and 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                                                     $22,000 per week

Weekly Rent                                                                      $1,250 per week

Property Features
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