The Avenue Cafe at STARplex

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Business Description

  • 7 day licensed cafe
  • Located in STARplex, the large sporting complex north of Adelaide
  • Exceptional opportunity with no competition
  • Easy to run cafe with simple menu
  • Patrons include complex users and members as well as the broader community
  • Licensed for 255 inside and 30 outside
  • Consistent sales over many years
  • Current sales around $16,500 per week
Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $345,000
Stock at valuation (approx) $10,000
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$355,000


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Staff Summary

The Avenue Café is currently being run with approximately 12 staff, this includes a manager
who work approximately 40 hours in the business and 10 other café assistant casual staff whose
hours fluctuate between 10 to 20 hours each and a cleaner who works after the café is closed.

Lease Summary

Current Rent $4,766.66 per month including GST
Lease Term 5 years
Lease Commencement Date of settlement
Right of Renewal 1 x 5 years
Outgoings Electricity & phone
Adjustments CPI + 2% annually and to market at renewal
Bank Guarantee $28,600

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