Elbio’s of Norwood is fast developing as the destination to have coffee and cake and it has only been open for five short months. If you have not yet set foot in this restored Baptist church, then you must. To fully appreciate the potential and understand what this business has to offer it must be viewed.
With a steady flow of increasing trade Elbio of Norwood is currently open 7 days from 8 a.m. – 6 p.m. The cafe currently does not cater to the popular
Parade dinner trade and this is an untapped potential a new owner may wish to explore by extending opening hours.
The cafe is fully licenced and is currently consuming 40 kg of coffee per week. This business is ready for new owners to come and further progress
on the solid foundation that has been built in one of the most prestigious and sought after areas of Adelaide.
Elbio’s at a glance
Melanie Winter 0408 085 932
|Plant & Equipment||$439,481|
|Stock at valuation (approx)||$10,000|
|2015/2016||Sept '15 - Jan '16: $510,220|
2 full time and 15 casual staff
|Current Rent||$10,300 per month + GST|
|Lease Term||7 years|
|Lease Commencement||1 December 2014|
|Right of Renewal||2 x 5 years|
|Outgoings||Paid by tenant|
|Adjustments||3% annually and market review at end of term|