Licensed city cafe – striving for perfection

$175,000 + SAV ($3,500 approx.)

Web ID: F3845

Business Description

Situated in one of the prettiest and most profitable spots in the Adelaide CBD, overlooking a lush green park and located next door to a major hotel, giving them strong and steady stream of travelers as well as being surrounded by office buildings supplying a consistent local trade.


Currently operating 7 days a week with turnover of $9,000 per week, this cafe has a growing breakfast and lunch trade. They are well-known for great coffee. With an awesome atmosphere that flows through both the inside and outside dining area this cafe is also licensed for up to 60 people.

At a glance:
  • Sales around $9,000 per week
  • Long lease in place
  • Overlooking park & adjacent large hotel
  • Strong breakfast trade
  • Currently selling approx. 25-30kg coffee per week

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $175,000
Stock at valuation (approx) $3,500
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$178,500

Financial Summary

Year
Sales Return to Owner
n/a $421,378 $77,403
2015/2016 $432,332 $80,571
2016/2017 $458,278 $123,494
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The return to owner for 2014/2016 to 2015/2016 is a net return to one working owner after all expenses and wages but excluding the vendors’ wage.

The 2016/2017 return to owner is a net return to two working owners after all expenses and wages but excluding the vendors’ wages.

Lease Summary

Current Rent $5,064.58 per month + GST
Lease Term 5 years
Lease Commencement 1st October 2016
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments 3.5% annually
Bank Guarantee 6 months’ rent & outgoing inc. GST

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