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Food, Beverage & Hospitality business for sale in Townsville City

  • Food, Beverage & Hospitality
  • Townsville City QLD 4810
  • $415,000 Negotiable

60% ROI Tide Cafe Gregory Street. Fully under management, Highly profitable cafe

Phone enquiries - please quote property ID 21073

Summary

An exciting opportunity exists right now to take over a highly profitable cafe which has been fully under management since early 2018, the business drives itself on premium quality coffee locally roasted w quality café food delivered fast.

Rent 7.8% of revenue

Location Details

Tide is located just off The Strand in the busy Gregory Street precinct

Potential

Potential annual revenue exists with the option and opportunity to grow the business more after the lunch more into the afternoon and a prime opportunity exist to open and trade at night/s during the week and definitely on weekend to activate the liquor license more with different offering involving bar sales. Catering is another primary revenue stream that can be easily grown and developed with the Townsville market

Skills

Being able to work on your business instead of in the business, the business will return money from this investment and there's plenty of room to grow the business, either contracting the admin/book keeping side of the business out or doing internal will be an important operational factor and cost.

Hours

Monday to Friday from 5:30am till 3pm
Saturday & Sunday from 5:30am till 2pm

Lease

10 years remaining from 2019, ending 2029

Employees

12 in total with 4 being full time, rest being casual

Reason for Sale

Owner/s have multiple business interest elsewhere

About the Business

The cafe offers a full breakfast & lunch menu, it currently trades early from 5:30am every day and closes Monday to Friday at 3pm and Saturday/Sundays at 2pm, its ideally located in Townsville and is fully licensed to sell alcohol on premise.

The cafe offers a competitive catering service with a wide range of selections including cold meat and salad platters to hot food and coffee. This business from hard work has gone from strength to strength over the past 4-5 years coupled with its prime location is now a very busy cafe & coffee precinct

The business drives itself on premium quality coffee locally roasted here in Townsville and made consistently good every day with the added pleasure of a fresh high-quality modern café menu & food delivered to your table fast. The cafés permanent undercover outdoor area seats 55 people and can be expanded with added tables if required, the indoor area is air-conditioned, and seats 20 people comfortably and again can be re-arranged to cater for more if requested for private functions.

Since 2014, the cafe has achieved the following online and within the marketplace;
? Voted Townsvilles greatest café on 4TOFM
? Voted Townsvilles best breakfast & coffee in Townsville Bulletin
? Trip Advisor certificates of excellence awards 2017, 2018 & 2019
? Australian Good Food Guide Readers Choice Award 2017 & 2019
? Facebook following of 3,650 people
? Instagram following of 1,550 people

Since 2014, the business has created & implemented the following operationally;
? Tenancy includes on-premise liquor license & allows for offsite function F&B catering
? Tenancy includes male & female toilets + 2 rear car parks for deliveries, etc
? Lease includes new external cold-room
? Currently pouring 40-50kg pw locally roasted coffee beans
? New modern website
? Unique custom branded takeaway coffee cups
? Business coffee contract includes 2 new San Remo café racers & new nitro coffee machine
? New glass cabinets which hosts fresh homemade food products and cold drinks
? Menu includes specialty cold drinks and fresh juices
? Business comes with new kitchen equipment approx. 12-month-old
? Rent free storage shed outside

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Business Highlights

Business ID2015244210
Floor Area120m²
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Annual returnAsk Business Broker
Category
Last updated  7 May 2019
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Map for Townsville City QLD 4810Townsville City QLD 4810
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