Cafe Restaurant & Sandwich Bar On Chevron Island For Sale

Business description

PJ's Secret Garden Cafe has been established for 14 years. Trades from 7am to 4pm, 6 days a week. The current owners have successfully operated and grown the business for 4 years and now wish to retire. Chevron Island is only a ten minute walk from the heart of Surfers Paradise with its beautiful beaches, shopping malls and vibrant night life. Chevron Island boasts a friendly village atmosphere with many speciality shops along its busy main street. PJ's is three businesses in one i.e. a cafe, a fully licenced alfresco restaurant and a gourmet sandwich/fresh juice bar. Sales have increased 25% year on year with still a lot of untapped potential for future growth.

Property information

Real Estate:

Lease

Lease terms:

3x3x3 year lease, registered, with 8 years remaining. Reasonable rent.

Location:

PJ's Cafe occupies a prime position on Chevron Island's busy main street of Thomas Drive and is situated between the chemist and travel agent. It is only 10 minutes walk from the centre of Surfers Paradise. Immediately north of the island is the busy CBD of Southport while to the west is the Gold Coast Turf Club and Art's Centre.

Other information

Expansion potential:

Although PJ's has shown a significant increase in sales over the last 4 years there is still a lot of untapped potential for future growth e.g. open the cafe on Mondays and public holidays, open the garden restaurant in the evenings, outside catering, sandwich delivery service, promote morning/afternoon teas to retirement villages, promote private functions to clubs and societies. Most of our customers are local people and businesses. We have not yet tapped into the large potential tourist market.

Competition / Market:

We do not see any threats to the further growth of the business as we have a unique garden restuarant setting on an island that is increasing in popularity.

Support & training:

We will provide 1 weeks full time training either before or after the sale.

Reasons for selling:

Wish to retire

Trading hours:

7am to 4pm Tuesday to Sunday, closed Mondays

Furniture / Fixtures value:

$112,000 (included in the asking price)

Inventory / Stock value:

$6,000

Related documents:

• Cafe Brochure