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Beachside/Parkside Café Central Coast – Under Management For Sale

UMINA BEACH, New South Wales, Australia
Asking Price:
$499,000 (AUD)
Sales Revenue:
$21,790 (AUD)
Cash Flow:
$5,763 (AUD)

This café is ideally located adjacent to numerous recreational facilities, schools and Umina Beach and with ample parking nearby, the visibility, exposure and patronage of the Café is strong year-round.

This Café has been established for 7 years and has cemented itself as a destination for locals and tourists alike. The Café is known for its offering, most of which is made in-house, and is leaning towards natural, sustainable and healthy products and ingredients with a view towards local produce and healthy living. This creates a significant point of difference for this café. It is a Multi Award Winning Café in the Central Coast and Peninsula region for many years.

Coffee sales have increased since July, as has take-away business and the customer base has grown as locals and tourists re-discover the offer. Operating 7 days a week for breakfast and lunch (7am to 4pm), its post Covid sales have averaged $21.8k per week. With access to outdoor seating, it is the perfect (and only) café able to cater for the users of the Council’s parks and recreation facilities. It has a full commercial kitchen, is licensed and has plenty of storage space. It also has a solar panel system that reduces the electricity costs significantly. Finally, its low rent of $635 plus GST per week (at approximately 3% of turnover) makes this café a very attractive proposition. It is run under complete management.

But there is more! The added bonus to this business is the separate and extremely under-utilised restaurant/function centre facility that is included as part of the very favourable lease. With a separate entrance to the Café and easy access to the common kitchen, this 100+ seat space is ready for an experienced and enthusiastic operator to create another income stream as a restaurant and/or function centre and reap the financial rewards. Fully licensed, with its own toilets, bar area and air conditioning this business within a business is all set-up and ready to go.

Competitively priced and with a highly motivated vendor looking at taking a break after 20 years in the industry, this business will not be on the market long.

Perfect business with state-of-the-art equipment and finishes to trade as is and to capitalise on the successful operation by the previous owner. Further profitability can be obtained from the reduction in the cost of goods. Opportunity to focus on the restaurant/function centre and to offer dinner/take-away/delivery app service during the day and nights.

**Please note that for confidentiality

Lease
A new 5 year lease will commence on July 1, 2021.
Current Rental $2804.96 per month including GST
Annual CPI increases.
No rental bond

Premises
Approx. 326 square metres lettable area in total. The Café is approximately 50sqm and the restaurant approximately 215sqm (shared kitchen is approximately 70sqm).

Full commercial kitchen with exhaust and grease trap. Licenced Restaurant/Function Room of 100+ seats with its own bar area, toilets and outdoor on-premise seating area (20 seats). Café outdoor seating access of 30+.

**Weekly**
Turnover (inc GST) $21,790
Rent $635
Wages $5,123
Net Profit $5,763

Property Information

Real Estate:

Lease

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