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There are many reasons why this cafe represents an incredible opportunity in the market right now. You will need to review the information memorandum to truly appreciate this standout opportunity.
This business is extremely well established with firm roots in the community and not reliant on any tourism, despite it's destination appeal.
This business has thrived during Covid. June sales 2020 were $183,000 up 20% on June 2019.
Limited competition and commercial space.
Long lease and low leasing costs at under 4%.
This business is in a stunning and prominent location minutes from one of Australia's most special beaches. There is booming local infrastructure and growth and the business outlook (and owners lifestyle) is bright and sunny indeed.
1. Revenue in excess of $1.6M
2. Solid profit to the working owner of $360k in tax accounts
3. Lease of longer than 10 years and less than 4% of revenue
4. Visually stunning and nothing to spend for years
5. Loyal community following means it is busy even without the tourists
6. June sales 2020 were $183,000 up 20% on June 2019
Gross Profit: $1,100,000
Wages incl Super: $669,694
Lease: Ends in March 2024
Annual Rent: $55,000
Annual Increases: 3%
Internal and External Sqm: 135 sqm
Seating Capacity: 70 indoor
This business truly represents the perfect sea change or investment for the astute operator looking for the best of the best!
To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.vbaaustralia.com.au/post/profitable-cafe-for-sale-long-lease-first-time-offered
Or for further details contact Dan Levitus.
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