With a turnover of $900,000 plus and an owner's profit of $130,000 in the 2023 financial year, you can see why this 6.30 am to 2.30 pm 7-day-a-week cafe is remarkable value based on seller expectations.
The rent is about $6,000 monthly, below market for this tightly-held retail precinct. The landlord has offered a lease extension to approved buyers.
The business has a straightforward, easy-to-operate offering built predominantly around drink sales and an uncomplicated menu that the large pool of staff can implement.
It is a turnkey business with an asset value of $221,000, which exceeds the asking price of $215,000+.
Setting aside the high owner- profits, business model simplicity and low rent, one of the business's most appealing benefits is that it is open 54 hours per week.
The current owner is selling because he is pursuing business opportunities outside of hospitality.
Buyers with pre-approval finance or cash positions are encouraged to enquire based on recent sales of comparable businesses.
A statement of financial position provided by your accountant and a summary of business experience will be required to qualify interest.
If you are interested in owning Elemental, please email your full name, mobile to sales at capitalcommercial.com.au