Bustling City Fringe Cafe
Sold
Business Description
Located in the city fringe among other cafes & eateries, this café was established in August 2011 by the current owners & offers breakfast & all day brunch, 7 days per week.
Australia’s love of quality coffee & vibrant coffee culture has this cafe well positioned to maintain & hopefully increase sales (currently around
$20,000 per week) in coming years. The cafe only trades 48 weeks per year & is also closed over public holidays.
The café is run by a husband & wife working a combined 45-50 hours per week. They employ three full time staff & approx. 6 casuals.
At a Glance
- Very stylish CBD fringe cafe
- 7 days per week (short hours)
- Excellent sales (around $20,000 per week)
- Seating for 26 inside & 26 outside
- Extremely profitable & priced to sell
Tony Iasiello 0412 217 608
Extended Price Information
| Goodwill including Plant & Equipment | $380,000 |
|---|---|
| Stock at valuation (approx) | $5,000 |
| $385,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment |
|---|---|---|---|
| 2017/2018 | $915,795 | $141,022 | 36.63% |
| 2018/2019 | $934,442 | $199,987 | 51.95% |
| 2019/2020 | $858,938 | $177,644 | 46.14% |
Staff Summary
There are 9 employees, 6 Front of House & 3 CooksLease Summary
| Current Rent | $4,086.85 per month + GST |
|---|---|
| Lease Term | 5 years |
| Lease Commencement | 23rd March 2020 |
| Lease Expiration | 22nd March 2025 |
| Outgoings | Paid by tenant (included in rent) |
| Adjustments | 4% annually |
| Right of Renewal | Nil |