Elbio Cafe Patisserie, Norwood

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Business Description

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

  • Opportunity to be the Elbio franchise
  • Average weekly turnover $25,903
  • Weekly Rent $2,575
  • 40kg of coffee per week
  • The sought after location of Norwood Parade
  • Total seating capacity 240 
  • Fully licenced

Melanie Winter 0408 085 932


Extended Price Information

Goodwill $110,519
Plant & Equipment $439,481
Stock at valuation (approx) $10,000
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$560,000

Financial Summary

Year
Sales
2015/2016 Sept '15 - Jan '16: $510,220
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Staff Summary

2 full time and 15 casual staff

Lease Summary

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
Bank Guarantee $33,000

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