Top Performing Cafe - Huge Net Profit $450,000 + Pa...

Business For Sale Perth, Western Australia 6000

Business Category Cafe and Coffee Shop Catering Restaurant Takeaway Food

$760,000 + SAV

Description

Top Performing Cafe - Huge Net Profit $450,000 + Pa...

The Business is for sale for the first time since its establishment in 1993. It has been and remains a very profitable, strong and successful business run by the same family for 28 years. This opportunity to own such a successful icon of the suburb and ever thriving restaurant and café district is very exciting. The following points demonstrate the significant opportunity this sale represents to any prospective buyer.

• Location Location Location – The business is one of the most prominent locations on the café strip. The corner location and iconic character building has a significant presence and outstanding visibility. Also with a north facing outlook, two large alfresco areas, fully licenced restaurant and120 seat capacity.

• Turnover exceeding $33,000 per week annual average FY21 and exceeding $35,000 average per week FY22 Q1 so far.

• Nett Profit exceeding $440,000 FY21.

• Currently run under management with minimal contact hours per week by owner. Potential for new owner operators to further increase profit and productivity and significantly reduce wage cost.

• Currently operating only 12 service shifts per week being 7 nights, 3 lunches and 2 breakfast shifts. Leaving new operator room for expanding 4 more lunch shifts and 5 more breakfast shifts if desired.

• Very low 6.9% rent of turnover ratio – Rent $2,260 per week plus GST plus outgoings with very attractive lease terms and 5+5+5 year term options.

• Nothing to spend on this very well established, modern and on trend fitout throughout the restaurant.

• Unique and very active customer database.

• Great social media following 3k Facebook followers plus Instagram. Current owners do not use social media to full potential and seldom post leaving new owner substantial growth potential with online advertising and promotion.

• Outstanding historical operating data and figures maintained and available.

• Fully training kitchen and wait staff.

• 11 KW Solar Panel system resulting in low electricity costs

• ROI 50% pa / 2 year ROI plus significant increase in profit with owner operator.

Please contact Erik Lingensjo
The BUSINESS CENTRE of WA
Contact Seller
Erik Lingensjo

Bsale ID: 561976

The Business Centre of WA
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