Wollongong Cafe In Great Location - Very Low Rent

Business For Sale Wollongong, New South Wales 2500

Business Category Cafe and Coffee Shop Restaurant Takeaway Food

$149,000 + SAV

Description

Wollongong Cafe In Great Location - Very Low Rent

This cafe is super is easy to operate and would be a great first business for new operator. This is a very well established cafe, with the current owners being there for over eleven years.

The cafe is ideally situated in a busy Wollongong suburb close to the University, Hospital, Schools, Clubs and shopping centres. The awesome location could easily suit an existing business owner that is looking to expand.

Currently, the cafe is doing 25kgs of coffee per week and also has the advantage of a very low rental of $890/week.

The cafe is renowned for providing arguably the best Acai bowls in Wollongong, people will go out of their way to visit the cafe just to enjoy one of these bowls. There are also plenty of other snacks, treats and sumptuous food to satisfy the most eager of hunger for everyone, not to mention wonderful coffee.

The cafe also has a unique advantage in offering multiple other income streams. The cafe is also a place where customers can indulge in a bit of retail therapy, with many wonderful gifts and bargains also available for sale.

The venue is modern and all of the cafe and coffee equipment has been diligently and meticulously. The entire cafe and shop space is well appointed and the sale price includes all of the fittings, fixtures, furniture and equipment, nothing is leased or provided by suppliers.

Lease Details
The 5 x 5 year lease commenced in Dec. 2022. With 4% increases, a Two-month bond is required.

Premises Details
Approx. 90 square metres. tenant parking spaces, fitted out for Emporium, giftware and cafe, storage, inside and outside seating

Staff Details
The business is currently operated by the owners and casual staff

Opening Hours
7 days Mon Fri 7.30 a.m. to 2 p.m. 8am 1pm on Weekends

Opportunity
The opportunity here is for an owner to simply take over this fully established and equipped business, and with the right level of energy and motivation take advantage of all of the earning potential that is available.

A new owner could increase turnover easily simply by increasing the days and hours of trade and looking to capture more of the available foot traffic that is there each day. You could also look to expand the menu offering and provide more variety and selections to draw in more customers.

It would also be possible to expand on the online presence and explore greater online activity and sales. This aspect of the business is greatly under-utilised at present but is fully set up and operating. It just needs a motivated person to steer it in the right direction.

** Weekly**
Coffee Sales 25kg's
Sales $11,250
Rent $891
Wages $2,232
Net Profit $1,530
Contact Seller
Tim Beard

Bsale ID: 651373
Broker REF: 207587

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