Iconic Cafe And Restaurant In Central Gold Coast

Business For Sale Varsity Lakes, Queensland 4227

Business Category Cafe and Coffee Shop Restaurant Takeaway Food

$340,000 + SAV

Description

Iconic Cafe And Restaurant In Central Gold Coast

This long-standing cafe / restaurant / offsite prep and catering kitchen is ready for a new chapter.
An upmarket business and residential suburb away from the tourist areas in one of the regions most busy and affluent suburbs, with constant growth and development.

Consistently taking over $24k a week with only two nights trade! Breakfast on weekends only!
A solid and loyal client base formed over 18 years.

This bullet proof business has traded through the GFC, the Covid pandemic, and appears to be repellent against seasonal trade. We don't see many businesses as consistent as this one.

A unique offering with nearly everything made from scratch, the possibilities are ripe, for an owner operator looking to increase efficiencies within an existing business, or the acumen and appetite to take this one to the next level.

With an offsite prep kitchen nearby, and systems so ingrained you can't go wrong. Utilise the large prep kitchen kitted out with only the best equipment as a ghost kitchen or take away.

A profitable business with the owner working behind the scenes, a committed, fully trained team and succession plans in place will ensure a smooth transition to it's new owners.

A self catering menu is in place with retail products sold through the venue. Expand into full catering and wholesale/retail via the prep kitchen.

Not reliant on tourists, this is a well known cafe and restaurant loved by locals and consistently producing some of the best food on the Gold Coast. A carefully considered and truly delicious product that doesn't require extensive skill or experience to deliver. With cost of goods far lower than your average outlet.

Two well equipped kitchens with no leased equipment. All the hard work has been done.
If you're ready to use your know how to expand on an already profitable business, reach out to us now!

Lease Details
Cafe
Rent and outgoings approximately $100,608 p.a.
Floor area internal approximately 88 sq meters seats up to 35
External area spaciously seats 55 but can seat up to 70.
Abundant parking.
Fully kitted out kitchen with walk in cool room, and custom designed pizza oven as a central showpiece.

Prep Kitchen
Rent and outgoings approximately $50,224 p.a.
Floor area 118 sq meters
Full commercial kitchen, walk in cool room, dual extractions, scullery, pizza oven, brat pan, 6 burner, felafel machine, cryovac machine, fryers.. the list is endless. All high end equipment.
Abundant carparking.

Staff Details
Cafe
Two owners work a combined 30 hours per week on the business across the prep kitchen, cafe and bookwork.
1 x Full time Chef
2 casual cooks
2 casual kitchen hands
6 casual wait staff

Pre Kitchen
2 casual cooks
1 casual kitchen hand

Opening Hours
Monday Closed
Tuesday to Thursday 10am - 3pm
Friday to Saturday 10am - 8.30pm
Sunday 10am - 3pm

Opportunity
Cafe
Increase service hours currently open with a breakfast menu from 10am, weekends only currently closed for dinner 5 nights a week. Open earlier, open later, or do both! Easily add $10k to the top line simply by opening more.
Offer full service catering.
Wholesale retail items.

Prep Kitchen
Sell takeaway / delivery and retail goods from the prep kitchen.
Offer full service catering.
Operate a ghost kitchen with multiple food offerings to delivery platforms.
Sublease the prep kitchen to a ghost kitchen operator (only utilised from morning to early afternoon) subject to landlord approval.

This business has done all the hard work in setting up the prep kitchen, systemising every detail, and curating self-catering menus. The opportunity to take retail products into independent supermarkets, to wholesale to other restaurants and food outlets is begging to be done. Full service catering has a huge market on the GC which could easily be serviced from this prep kitchen; built to service all of this and another restaurant or two.

**Weekly**
Sales Approximately $24,000
Rent $100,000 cafe/restaurant $50,000 prep kitchen
Wages $9,032
Net Profit $2,662
Contact Seller
Julian Mero

Bsale ID: 652966
Broker REF: 209409

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