Vibrant inner southern cafe

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

Web ID: F3681

Business Description

At a Glance

  • Trades 7 days per week (short hours)
  • Very attractive lease ($270 per week)
  • Inner southern suburbs location
  • Coffee sales - around 15kg per week
  • Average weekly sales $9,000 approx.

Situated on a busy road approximately 15 minutes' south of Adelaide, in a small group of shops, this cafe has a fun and vibrant atmosphere along with a classic style menu with mouth-watering dishes including Eggs Benedict, pancakes, burgers and more!

With seating for 36 inside and a further 14 outside, the cafe trades 7 days per week for breakfast and lunch only. Selling approximately 15 kilos of coffee per week, with average weekly sales of around $9,000. The current lease has a very attractive rent with a further right of renewal beyond its expiration in 2022.

A local favourite, this gorgeous cafe is perfect for a working owner ready to make their mark on the cafe industry.

 

Tony Iasiello 0412 217 608


Extended Price Information

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

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2018/2019 $389,243 $93,788 52.69%
2019/2020 $316,919 $77,268 43.41%
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The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor’s wage.

Lease Summary

Current Rent $1,173.32 per month + GST
Lease Term 5 years
Lease Commencement 7th October 2017
Lease Expiration 6th October 2022
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Bank Guarantee Bond - $1,160.00

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