Vibrant inner southern cafe
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Business Description
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.
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.
Tony Iasiello 0412 217 608
Extended Price Information
| Goodwill including Plant & Equipment | $175,000 |
|---|---|
| Stock at valuation (approx) | $3,000 |
| $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% |
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 |