Current taking circa $15,000 per week, this business has definitely been affected by COVID, however the loyal clientele have been responsible for assisting the business through the tough times and ensuring that it's ready to prosper through the good times ahead. Seating 120 customers at any given time inside and out, the cafe is run fully under management and has a very rare 1am liquor license available.
The bargain business price represents a sale of just fixtures and fittings, however everything is included in this sale inclusive of goodwill and the business name. To replicate this opportunity and rebuild this cafe, it would cost significantly above the asking price. You are buying a business with a second to none reputation and guaranteed turnover from your first day of trade.
*2022 Revenue (projected) = $780,000 VS EBITDA (projected) = $144,891 under management (not including Job Keeper payments)
*2021 Revenue = $703,793 VS EBITDA = $= $131,888 under management (not including Job Keeper payments)
It is important to note that this business has been trading through Covid as a takeaway model, now that we are post pandemic, this business can truly allow its full revenue potential to take place.
*Current owner established the business in 2019
*Profitable since the first day of opening (not taking into consideration Job Keeper in addition)
*Management team in place and happy to stay on board
*Business is run completely under management, with current owner working elsewhere.
*Minimal competitors in the area
*New Apartment blocks currently being built in extremely proximity
Video is available on this listing. Copy and paste the below link into your browser to view. XXXXXXXXXX
This business opportunity has been appraised on the data of comparable sales in similar industries and can confirm that the strategy moving forward for this opportunity is as follows
Two Year Average EBITDA = $138,389 x (multiplied by) 1.43 times = Price $199,000 = 69% Return on investment
For further details on this business please EMAIL OR TEXT either Steven Mostafa on XXXXXXXXXX or Nadia Polzella on XXXXXXXXXX with the word "Under management & profitable Café", your name and email address to receive an online confidentiality agreement. Once confidentiality agreement has been signed, business information memorandum and latest financial documentation will be sent through.
Net Profit: $2,200