ABS Business Sales Pty Ltd Phone : 07 3368 ****
Harry Notaras
07 33 ****

0434 ****


Cafe/Coffee Shop The Beating Heart of the Precinct Business For Sale #3732

Listing Id : 261005

Location : Queensland - Brisbane

Category : Cafe and Coffee Shop, Restaurant, Retail

Asking Price : $217,500 + SAV

Business description

A café and coffee shop which is the soul of its immediate neighbourhood has come up for sale. It has many regular customers who have a sense of ownership of this café and which has been an intrinsic part of their daily routine for almost 30 years. The sellers have nurtered this business to its current good health and want to ensure that a new owner will pick up the reins and apply the diligent care that they feel they owe to the surrounding community. It provides Breakfast and Lunch operating from 6:30am to 2:30pm. This is done in contemporary décor and with outdoor seating available. The menu is creative and modern with an all-day breakfast on offer. The café is also licenced. The turnover is $16,000 - $17,000 per week net of GST with an adjusted net profit of approximately$130,000 in the financial year 2017/18. The tenure that the lease offers ensures the new owners will have plenty of opportunity to meet their financial goals and the financials available offer a high level of tranparency regarding the profitability. Rent is about 8% of turnover which leaves plenty of room for a healthy profit margin. This business is well priced as well as well presented. You will do yourself a favour by visiting for a coffee, looking at the information memorandum and making an appointment for an inspection. Price $217,500 plus SAV ($5,000) Broker: Harry Notaras**** **** /harry@absbrisbane.com Head Office:**** **** /reception@absbrisbane.com For more information about this excellent opportunity complete the Confidentiality Agreement. Quote reference no: 3732


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