2/193-197 Lake Street Cairns City QLD 4870
- Shop & Retail
- For Sale, $395,000 Negotiable
Popular & Profitable Jam Drop Cafe
The very popular and profitable Jam Drop Cafe is offered to the market for the first time since 2001. With the owner preparing for retirement this is a great opportunity for new owners to continue making healthy profits from day one either as owner occupiers or as passive investors with a tenant in place offering a Circa 7% net return with an expected rental of Circa $27,650 pa + GST + Outgoings.
Please click on the link to the walkthrough video we have prepared to see exactly whats on offer.
The 62m2 strata commercial unit (Cafe) located on the ground floor of the Cairns Medical Specialists Centre is fully fitted out as a cafe including a grease trap, mechanical exhaust and a cold room.
The business is also for sale either together with the strata property or sold separately with a new lease in place.
The Jame Drop Cafe is well known for its quality coffee, breakfasts, lunches and specialty cakes, all made and baked on the premises which has earned the cafe a solid reputation as demonstrated by the 4.6 star Google rating along with a strong online and social media presence.
The cafe averages coffee volumes of 25kg per week however this could be substantially increased should new owners of the business decide to open on weekends and public holidays.
The cafe is fully air-conditioned including the kitchen and has an exclusive use agreement with the body corporate for the adjoining 85 m2 of covered outdoor alfresco dining areas seating up to fifty people and is directly across the road from the Cairns Private Hospital in the heart of the medical precinct. Although quite compact, its an efficient use of space which keeps the rent very affordable.
The majority of the clientele are doctors, staff and patients. Nearby schools and passing foot traffic from locals & tourists visiting the Cairns Esplanade add to the mix as does the cafe providing catering for functions mainly to the medical sector.
Forget about working weekends, public holidays and long hours as the Jam Drop Cafe is very profitable trading shorter hours with little to no nearby competition and even closes for three weeks over Christmas and New Year. This obviously provides an opportunity to increase profits by opening on weekends and public holidays.
Operating with three full time and three part time staff there's plenty of time for the owner to get all the work done including ordering and book-work within working hours which provides for a stress free, balanced lifestyle business. Covid has only seen this business go from strength to strength, with a loyal customer base this popular cafe not only thrived through Covid but grew. With both the Cairns Private and Cairns Base Hospitals in expansion mode and tourism numbers on the rise, the cafe's future is looking even brighter.
> 62m2 Strata Commercial Unit
> Expected Market Rent Circa $27,650 Net
> Tenant Pays 100% Outgoings
> Great Location
> Additional 85m2 of Covered Alfresco Dining Area
> Includes Full Cafe Fitout
> Includes Cold-Room/Grease Trap & Mechanical Exhaust
> Two Exclusive Use Car Parks
> Low Body Corporate Fees
> Walkthrough YouTube Video Online