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Profitable Cafe On Mid North Coast For Sale

Great Lakes, New South Wales, Australia
Asking Price:
$680,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$1,300,000 (AUD)
Cash Flow:
$200,000 (AUD)

The café is located in the Great Lakes area of a very popular coastal holiday area on the NSW mid north coast. Only recently opened and fitted out, this modern café caters for the holiday makers from Sydney and Newcastle. The café is known for not only its metropolitan quality coffee but even more so for its fresh and unique cuisine. The café is open for breakfast, lunch and dinner.
The café generates most of its income in the summer months but also sustains a very healthy / steady income during the non – peak times. The café has indoor and outdoor seating and is centrally located near the main shopping strip in this coastal town. With the location only 3.5 hours from Sydney, the coastal town swells in population in the summer months, with many holiday makers owning property in town.
Key Points
• Modern fitout. New appliances and kitchen
• Revenue well over $1m for the last 12 months
• Residence above the cafe
• Outdoor dining options.
• Huge demand for takeaway coffee
• Offers a great lifestyle while generating a capital city income

Property Information

Real Estate:

Lease

Lease Terms:

3x3x3. There is 7 years left on the current lease and landlord happy to discuss any requested changes

Leasehold Rent:

$37,284 (AUD) per annum

Living Accommodation:

There is a 2 bedroom unit above the cafe that the owners lived in for 2 years.

Location:

The cafe is in a prime position near the main shopping strip of this popular coastal tourist town.

Premises Details:

The building is only 5 years old and has living accommodation above. The cafe was only fitted out 2 years ago with all FFE near new.

Planning Consent:

Local council has given consent to increase the outdoor table settings

Business Operation

Expansion Potential:

The new owners of the café have an opportunity to extend the outdoor seating arrangements after applying to council. The café currently has off street parking that could possibly converted to additional capacity for the café.
As it is also not located in a residential area, the new owners also have the ability to extend trading hours and offer live entertainment.

Competition / Market:

There are other cafes in the area but this has created a niche in the market, with its food and bevearge selections superior to the competition

Reasons for selling:

Owners exploring other opportunities that have arisen in the area.

Trading hours:

7am to 9pm seven days a week

Employees:
20 casual and 2 apprentice chefs
Years established:
3

Other Information

Support & training:

Owner is willing to train for 4 weeks

Furniture / Fixtures value:
$30,000 (AUD) - included in the asking price

Contact Information

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