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Cafe Restaurant - Sought After For Sale

Killarney Vale, New South Wales, Australia
Asking Price:
Under $100K (AUD)
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
Under $50K (AUD)

Café – Fitout (not trading)

This is a high end opportunity for the astute business operator. An existing franchise, independent chain or experienced hospitality operator will identify this very rare opportunity.

It contains a full kitchen, separate washup that will support a restaurant operation.
Barista Bar, Juice station, POS front counter with refrigerated display and toasting assembly zone. Plan Layout attached.

Both professional design and fit-out completed early 2020 as Covid19 restrictions arrived. All equipment new at time of opening some purchased more recently, excellent condition. The business traded solidly for 2 years with current 4.9 star ratings on social platforms.

This is a very sought after main road street front with little quality competition. Plenty of street parking immediately to side and rear, also timed parking at front of business.

Located on the beautiful Central Coast NSW pocketed in an established residential and commercial neighbourhood, with sound businesses surrounding this location.
The Business itself had a great reputation, so therefore no baggage.

Google search ‘Mojave Grind’ for reviews and photos.

The business is clean, health approved and ready to trade. The lease currently has 4 months left on the initial 5 year lease with 5 + 5 available only and if agreed with property owner by mid - late July 24. Or negotiate yourself a new lease.

75 sqm with front and rear access with 2 single bathrooms + 2 car spaces.

Clean and ready to trade.

Inspections can be arranged through [email protected]

FIRST ROUND OFFERS close 11 July 2024 for those preferring lease options. Expectation is to open blind bids on 11 July 2024. Unless agreed earlier.

REASONABLE OFFERS ACCEPTED (Expectation around 50K ex gst) – INSPECTION A MUST.
This opportunity is in high demand, if you're a serious operator, I'd expect you would want to miss this one.

SECOND ROUND OFFERS from 21 July – will require new lease.

Owner managed Sale

Property Information

Real Estate:

Lease

Location:

Prime high street location in retail environment. High traffic frontage, with plenty of easy parking in side and rear streets.

Premises Details:

Strip Centre environment

Size in square feet:
75 sqm
Planning Consent:

Development Approval in place.

Business Operation

Expansion Potential:

This business environment has not had an opportunity to fully reach it's potential. The business traded for 2 years during the entire covid restriction period and we have been involved in other businesses since without the time to return and re-open. We retained the property with the intent of re-opening.

Competition / Market:

Limited retail opportunities. Strip Centre is mostly occupied. Direct competetion for this size cafe / restaurant premises in Killarney Vale

Other Information

Furniture / Fixtures value:
$130,000 (AUD)
Inventory / Stock value:
$1 (AUD)