Blue Chip Cafe

$495,000 + SAV ($4,500 approx.)

Web ID: F5884

Business Description

At a Glance

  • Stunning licensed destination cafe for many foodies
  • Trading 7 days per week - short hours
  • Weekly sales in excess of $25,000
  • Long lease with attractive rent (less than 5%)
  • Not your average cafe!

This stunning café is modern, fun and even sustainable. Using locally sourced produce, they make their own foods and for products which aren’t made in house, reputable South Australian suppliers are used. Trading 7 days per week with short trading hours, weekly sales are in excess of $25,000.

Considered to be one of Adelaide’s blue-chip cafés it is primely located in the heart of a suburb close to the city. Having been established since mid 2016, the café has grown a large following of dedicated customers as their reputation has continued to spread. Patrons come from across the state to enjoy their trendy, urban inside dining or their alfresco area with surrounding beautiful treelined streets.

This café is set to continue to thrive in the coming years, with their sales are increasing year after year and numerous raving reviews to support them. Currently run by an owner operator, this business is ready to be passed on to new hands which have a love for food.

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $495,000
Stock at valuation (approx) $4,500
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$499,500

Financial Summary

Year
Sales
2018/2019 $1,090,656
2019/2020 $1,129,658
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Lease Summary

Current Rent $3,782.02 per month + GST
Lease Term 10 years
Lease Commencement 16th September 2011
Lease Expiration 15th September 2021
Right of Renewal 1 x 10 years
Outgoings Paid by tenant
Adjustments CPI annually

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