Licensed City Fringe Cafe - no weekends!

$69,000 + SAV ($5,000 approx.) Negotiable

Web ID: F3266

Business Description

Refreshed and refurbished this café was given a new lease on life only a few years ago. Offering a chilled atmosphere with great service and coffee, the sharp and modern fit out (as well as an equipped kitchen to suit), means the café has attracted a loyal customer base from the surrounding businesses.

Located just 5 minutes East of the city centre,the cafe has all the perks that come with a city café without the cost! Operating Monday to Friday 7:00 a.m. to 3:30 p.m., the menu is uncomplicated and spiced up with its specials board. The cafe is also open Friday nights from 6:00 p.m. to 10:00 p.m., where the menu's focus changes to simple Italian food.

Licensed for 43 people in total, there is further scope to extend trading hours during the week, or even on weekends. Currently the cafe sells around 14-15kg coffee per week and its' sales exceed $7,000. 

At a glance:

  • 5 minutes East of the city
  • Trades short hours Monday to Friday + Friday evenings
  • Uncomplicated weekday menu spiced up with specials
  • Friday night features good, simple Italian food
  • Licensed for a total of 43
  • Weekly sales $7,000+
  • Selling 14-15kg coffee per week

 

Melanie Winter 0408 085 932


Extended Price Information

Goodwill $64,500
Plant & Equipment $4,500
Stock at valuation (approx) $5,000
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$74,000 Negotiable

Financial Summary

Year
Sales
2016/2017 (annualised) $306,831
2017/2018 $262,223
2018/2019 (annualised) $278,643
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Staff Summary

Two full time vendors and three casual staff work in the business

Lease Summary

Current Rent $3,125.35 per month + GST
Lease Term 3 years
Lease Commencement 2nd November 2018
Lease Expiration 1st November 2021
Right of Renewal Nil
Outgoings Paid by tenant
Current Rent
It is anticipated that the purchaser of this business will seek a new lease on similar terms. The landlord has indicated that he is happy to provide an approved purchaser a new lease.

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