Cafe with location, location, location

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Business Description

Located in the heart of one of Adelaide's premiere beachside food destinations, attracting locals all year round and enjoying a bumper trade in the summer months.

The current owners have been at the helm for nearly 17 years and the business has grown and thrived during this time but is now ready for a fresh beginnings.

Offering an adaptable floorplan with large glass doors opening to the world outside - allowing the buzz of the beach atmosphere and the smell of the ocean to drift past diners whether they choose to enjoy their meal inside or outside. Licensed for 63 patrons with a current turnover of approximately $14,000 per week excluding GST, they trade for breakfast, lunch and dinner 7 days per week, with international cuisine featuring strongly on the menu. 

Full credit is given to the current vendors with this business having stood the test of time; however, it has a lot more to give and oozes potential for a savvy buyer.

 

At a glance:

  • Beachside dining - trading 7 days
  • Turnover approximately $14,000 per week excluding GST
  • Current cuisine has an international flair
  • Lease runs until April 2022 with a further 5 year extension
  • Restaurant liquor licence for 63 patrons
 

Tony Iasiello 0412 217 608 & Melanie Winter 0408 085 932

 


Extended Price Information

Goodwill including Plant & Equipment $295,000
Stock at valuation (approx) $10,000
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$305,000

Financial Summary

Year
Sales Return to Owner
2014/2015 $787,997 $183,432
2015/2016 $766,883 $180,652
2016/2017 $731,194 $144,436
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The return to owner is a net return to two working owners after all expenses and wages but
excluding the vendors' wage.

Staff Summary

2 vendors, 3 full time and 7 casual staff

Lease Summary

Current Rent $7,791.66 per month incl. GST
Lease Term 5 years
Lease Commencement 1st May 2017
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually
Current Rent

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