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Five Day Cafe –Prime Position, Under Full Management In Albury For Sale

Albury, New South Wales, Australia
Asking Price:
$425,000 (AUD)
Sales Revenue:
$1,144,000 (AUD)
Cash Flow:
$3,883 (AUD)

This highly profitable and well-established five-day cafe is currently run fully under management.

This prominent leading cafe is a popular destination for locals as well as benefiting from a large number of travellers and visitors to the area. This cafe boasts a strong online presence and following, with very favourable reviews.

A perfectly positioned cafe on the New South Wales, Victorian border. primed and ready for a new operator to seize this unique opportunity and continue to harness the amazing growth potential this cafe presents.

The lockdowns did not affect the business profit-wise. For the Financial Year 20/21, sales averaged $22k per week. The property has a strong lease in place with options until 2033, with rent versus Net turnover as low as 5%.

The cafe serves its customers a signature all-day breakfast of bacon and egg rolls waffles, granola, eggs benedict, and smashed avocado whilst providing lunch fare of select burgers and salads. Coffee, tea, and an extensive beverage list complement the menu. As part of the set-up, a commercial kitchen with an adjacent cool-room, food preparation, and storage area is available.

*Please note that images used are for advertising purposes only and do not represent the actual business

Staff No
The business is currently run by a manager, three full-time, two part-time and five/six casuals.

Lease Info
The 3 x 3 x 3-year lease commenced in Feb. 2021. - CPI increases, with rent as low as 5% of turnover.

Trading Times
5 days - Wed-Sun 7 a.m. to 3 p.m.

Size of Premises
Approx. 279 square metres. - Toilet, Full commercial kitchen, and storeroom. Outdoor undercover seating area. Upstairs self-contained apartment/function room, currently used as a meeting space. Double lock-up garage

Opportunity
The business had previously provided a highly successful Friday evening drinks and tapas menu
Expand the menu offering to provide a further point of difference in the area.
Extend the trading hours, and operate as a restaurant in the evenings. Establish a catering side of the business.
The upstairs apartment is suitable as a residence, function venue or meeting space.
The current owner is not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.

**Weekly**
Turnover (inc GST) $22,000
Rent $891
Wages $7,400
Net Profit​ $3,883

Property Information

Real Estate:

Lease

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