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Cafe & Coffee Shop business for sale in Lake Cathie

  • Cafe & Coffee Shop
  • Lake Cathie NSW 2445
  • $399,000 plus SAV

Huge Profits Cheap Rent 6 Day a Week Cafe

This well established and highly desirable Cafe is on the market for the first time in 14 years. Perfectly located in a busy, high profile shopping precinct, the Cafe is in close proximity to key amenities and has ample staff and customer parking.

There is a long lease in place and is currently 2 years in to the first 5 years of the existing lease with 2 x 5 year option periods available, providing solid security for potential purchasers. This thriving business boasts low rent, streamlined procedures and excellent profit margins.

Specifically, the cafe sells in excess of 50kg of coffee per week and serves a popular menu of high quality food items such as burgers, salads, wraps, take home meals and cakes.

The cafe is currently run under semi management and is a destination for the locals as well as benefiting from a large number of commuters and visitors to the area. The business boasts a strong online presence and following, with very favourable reviews. This allows it to be primed and ready for a new operator to continue to harness the amazing goodwill and reputation that has been created. Additionally, the potential of the high growth location is not able to be replicated and therefore makes this a very attractive investment.

The current owner has diligently built up the trade during more than fourteen years of ownership and has decided that the time has come to sell in order to focus on other priorities. The business has been exhaustively prepared for the market and will tick all the boxes that a savvy buyer will be looking for.

A smooth transition to the new owner is assured with the fully trained front and back of house staff in place, making this a great opportunity to acquire a business with a fantastic reputation, long trading history and also the enviable benefits of a lifestyle balance.

Staff No
The business is currently run by approx. 13 permanent and casual staff including trained Chef's and Baristas

Lease Info
The 5 x 5 x 5 year lease commenced in 1st January 2021 - 3.5% increases - Three months plus GST bond required

Trading Times
6 days - Mon - Sat 5.30am - 3pm Sun - CLOSED

Opportunity
With the opportunity to increase turnover significantly by opening Sundays and extending the daily opening hours, all of which would have an immediate positive impact, this business will make a highly desirable acquisition to any purchaser willing to look at a regional location.

**Weekly**
Coffee Sales Per (Kg) 50
Turnover (inc GST) $24,690
Rent $457
Wages $7,425
Net Profit? $3,995

Business Highlights

Business ID2017985066
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  10 Aug 2022
Map for Lake Cathie NSW 2445
Map for Lake Cathie NSW 2445Lake Cathie NSW 2445

Business Highlights

Business ID2017985066
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  10 Aug 2022
GSE Business Consultants
Level 32/101 Miller St North Sydney NSW 2060
Anthony Manks
GSE Business Consultants
Anthony Manks
GSE Business Consultants
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