Iconic Wagga Cafe | Sales Over $1 Million | Under Management

Business For Sale Wagga Wagga, New South Wales 2650

Business Category Cafe and Coffee Shop

$380,000

Description

Iconic Wagga Cafe | Sales Over $1 Million | Under Management

For sale is a cafe and specialty coffee shop located in the thriving Riverina City of Wagga Wagga.

The business presents very well with a high quality fit out enjoys a stable and strong base of trade and has demonstrated consistent sales growth over a sustained period of time.

The cafe offers a full menu of breakfast and lunch items as well as a range of cakes and snacks. There is strong demand for coffee both for dine in and takeaway and food sales have shown particularly strong growth in the last 18 months. The business barely wobbled during Covid and trading conditions are currently extremely good which demonstrates the durability of this successful regional business.

A new 10 x 5 year lease commenced in May 2019 offering long term stability with rent that represents only 5% of turnover.

This is a mature and profitable business that is well organised and highly profitable with all cost centres in the business performing to industry benchmark standards with full and thorough financial reporting. There is an opportunity to increase net profits through focussing on increased efficiency of the labour and cost of goods.

The cafe has a great crew on board with experienced chefs, supervisors and managers, the roster runs like clockwork and any new owner will have a high level of support from the team. The owners do not work in the business and have understandable reasons for deciding to sell.

If you are interested in acquiring a well-established and highly successful coffee shop with a long, low cost lease then this is your opportunity.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Lease Info
5x5 Commenced 2019

**Weekly**
Coffee Sales Per (Kg) 50
Turnover (inc GST) $23,648
Rent $1,250
Contact Seller
Rob Illsey

Bsale ID: 557198

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