The Annex Cafe, Glenelg

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Business Description

This trendy beachside café caters for the totally hipster through to the locals and tourists wanting a meal or coffee and slice of cake. The fitout out is vintage with timber tables, metal chairs, exposed brick walls and funky abstract artwork while the menu has a focus on quality fresh local food.

Located just of Jetty Road and currently trading 6 days a week from 8.30a.m. - 4p.m. with turnover of $8,000 per week and selling 14- 18 kg of coffee per week. This ambient cafe has seating inside for 36 and a great outside space that can seat another 36. This is a little gem has plenty more to give and is one that you won’t want to miss!

At a glance:

  • Turnover $8,000 per week
  • Selling 14- 18kg of coffee per week
  • Modern fit out
  • Good local following
  • Trading 6 days per week
  • Menu caters for - vegetarians, vegans, gluten free and paleo
  • Located on Waterloo Street just of Jetty Road
Tony Iasiello 0412 217 608

 


Extended Price Information

Goodwill including Plant & Equipment $149,000
Stock at valuation (approx) $3,000
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$152,000


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Staff Summary

Two full time vendors and four casual staff

Lease Summary

Current Rent $2,816.67 per month incl. GST
Lease Term 2 years
Lease Commencement 1st April 2016
Lease Expiration 31st March 2018
Right of Renewal 1 x 2 years
Outgoings Paid by tenant
Adjustments CPI annually

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Plant & Equipment

Written Down Value of Plant (approx.) $27,931
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