Cibo Espresso West Lakes

$475,000 + SAV ($11,000 approx.)

Web ID: F0718

Business Description

When you think of cafés in South Australia, CIBO is always guaranteed to pop into your head. Concreting themselves as forerunners in to the strong Adelaide café scene, CIBO is a quality franchise that stands out from the rest. Offering delicious Italian inspired breakfast and lunches, they cater to those wanting the café experience as well as those who are on the go.

Located in the western suburbs premiere shopping centre, West Lakes Westfield, CIBO Espresso is a favourite amongst the locals and the shopaholics. Seating up to 90 patrons, the café sells 40-50kg of coffee per week and even up to 60kg in busier weeks. The kiosk benefits from an abundant amount of foot traffic all day with its prominent position outside of Target.

With annual sales around $1 million and weekly sales over $20,000, the café shows stability as well as profitable figures. The CIBO brand itself is an icon in South Australia; the franchise is strong and knowledgeable and provides training and support throughout the journey. This well-established CIBO Espresso is an absolute outstanding opportunity!

 
At a glance:
  • Cibo Espresso kiosk located in Westfield West Lakes
  • Weekly sales over $20,000 and selling 40-50kg coffee per week
  • Seating for 90 patrons and continuous foot traffic
  • Well established franchise with training provided 

 

Melanie Winter 0408 085 932


Extended Price Information

Goodwill including Plant & Equipment $475,000
Stock at valuation (approx) $11,000
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$486,000


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Staff Summary

Two vendors and five casual staff

Lease Summary

Current Rent $10,083.39 per month incl. GST
Outgoings Paid by tenant
Adjustments CPI annually + 2%
Bank Guarantee $29,278.65
Current Rent
Current Rent
Current Rent
The business also rents a storage area from Centre Management for $495.87 per month including GST

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