GSE Business Consultants Phone : 1300 52 ****
Paul Leach
04158 ****

04158 ****

Five Day Illawarra Café – The Palms Cafe

Listing Id : 266842

Location : New South Wales - Wollongong -Regional Nsw

Category : Cafe and Coffee Shop

Asking Price : 185,000 + SAV

Business description

This much loved cafe is situated at the start of the Grand Pacific Drive with the Illawarra escarpment on one side and the coastline on the other.
The cafe is well established, the current owners have been there sixteen years and the previous owners before that for eight years.
The café trades just five days which allows a balance between work and life to allow the owners to make the most of the location themselves.
Serving a seasonal menu, including breakfast, lunch, daily specials and Devonshire teas. The cafe seats 40 inside and up to 45 outside in the sunny courtyard.
The cafe has a strong local following, regular customers from Wollongong to Sydney and an increasing tourist trade with the popular Sea Cliff Bridge minutes away.
With a strong lease in place, CPI increases and a low bond of just $2600 this is a perfect opportunity for a local first time operator or somebody looking to relocate.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Staff No 
The business is currently run by one owner, two part time staff and four/five casuals.
Lease Info 
The 3 x 3 year lease commenced in May 2018. - CPI. increases – A bond of $2621.67 (inc GST) is required.
Trading Times 
5 days – Closed on Tuesdays and Wednesdays – Open 9am – 4pm the rest of the week.
Note to buyers 
This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller.
GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

Turnover (inc GST) $8,745.00
Wages $2,422.00
Rent $605.00
Net Profit $2,354.05

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