Fleurieu Cafe

$220,000 + SAV ($8,000 approx.)

Web ID: F4467

Business Description

At a Glance

  • Licensed beachside cafe
  • Outstanding corner location
  • Average sales approx. $18,500 per week
  • Trades 6 days per week (7 days in peak periods)
  • Sales up around 12% on last year

This beachside cafe was established by the current owner in 2008 and is located in an idyllic seaside town on the Fleurieu Peninsula. The cafe offers a casual beachside dining atmosphere with a seating capacity of 32 inside and further 54 outside (licensed for 95).

The town is home to spectacular beaches, homeware shops, stylish cafes and chic beachside cottages. The population swells over the holiday periods and is a favourite destination for many South Australians and visitors.

The cafe is run by one vendor working approx. 30 hours per week and employs 2 full time staff and 11 casuals. The cafe trades 6 days per week 7:30am to 3:30pm and trades 7 days per week during holiday periods and summer months. After 14 years of operating the cafe, the vendor is now looking for a change in career.

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $220,000
Stock at valuation (approx) $8,000
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$228,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2018/2019 $888,261 $92,143 40.41%
2019/2020 $740,695 $52,941 23.22%
2020/2021 $974,641 (annualised) $118,546 51.99%
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The return to owner is a net return to one full time working owner after all expenses and wages but excluding the vendors’ wage.

Staff Summary

There are 13 employees including, Chefs, Kitchen & Front of house staff.

Lease Summary

Current Rent $4,637.67 + GST
Lease Term 3 years
Lease Commencement 5th March 2020
Lease Expiration 4th March 2023
Right of Renewal 1 x 6 years
Outgoings Paid by tenant (currently $1,126.09)
Adjustments CPI annually

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