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Gosford Cafe – Huge Price Reduction, $16k/Week For Sale

Gosford, New South Wales, Australia
Asking Price:
$219,000 (AUD)
Sales Revenue:
$847,340 (AUD)
Cash Flow:
$3,857 (AUD)

The Vendor wants out by Christmas – make an offer for this profitable business listed well below market value.

This Gosford Cafe on the Central Coast is perfectly positioned, with a high volume of passing traffic, easy on-site parking and is street front located. This cafe is well known in the area, has successfully endured lockdowns and is perfectly set up for a continued successful operation.

Fully licensed with an ambience that draws customers in. Coffee sales are at 20kg+ per week. FY 20/21 weekly sales averaged $16.2 per week, with recent lockdown sales averaging just over $14k (with less hours and less labour costs)and post lockdown sales of $16k+. A very low rent of approximately $700 per week, with low outgoings and 9 years remaining on the lease make this a desirable business. Ample on-site parking.

The cafe has a functional kitchen with a grease trap. The cafe has a total of approximately 50 seats. The business operates 7 days a week from 8am to 2pm for breakfast and lunch only.

The menu serves all day breakfasts, burgers, toasties and salads, accompanied by smoothies, juices and milkshakes. Fully licensed with a good selection of beers, wines and spirits.

An attractive business with a loyal following and with the low rent and high turnover, this business is sure to appeal to many. Realistic Vendor.

Established business with further potential, particularly in the functions area as well as catering requests. Cafe and restaurant operation also has room to grow with extending the operating hours for the Cafe and re-opening nights for the Restaurant. Further sales may be obtained by opening on Public Holidays and during the Christmas Period. Inclusion of Delivery Apps will also assist in sales growth.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is run under management with the following staff: 1 x Full Time Manager 1 x Full Time 2IC 1 x Full Time Barista/All rounder 2 x Casual Chefs 1 x Casual All Rounder 2 x Casual Junior All Rounders

Lease Info
The lease commenced on July 1, 2020 and expires on June 30, 2025. A further 5 year option exists to June 30, 2030. Market Review at Option period. CPI or 2.5% increases (whichever is greater). A three-month bond is required.

Trading Times
Cafe 7 days a week Monday - Sunday 8am - 2pm

Size of Premises
Approximately 43.5 square metres lettable area (7 indoor seats) - Small commercial kitchen with grease trap. An additional 56.5 square metres of undercover on-premise courtyard seating area (45-50 seats). A storage cage and 1 dedicated car space to Owner. 38 available customer car spaces shared amongst other tenancies

Opportunity
Established business with further potential, particularly in the functions area as well as catering requests. Cafe and restaurant operation also has room to grow with extending the operating hours for the Cafe and re-opening nights for the Restaurant. Further sales may be obtained by opening on Public Holidays and during the Christmas Period. Inclusion of Delivery Apps will also assist in sales growth.

**Weekly**
Coffee Sales Per (Kg) 20
Turnover (inc GST) $16,295
Rent $692
Wages $4,593
Net Profit $3,857

Property Information

Real Estate:

Lease

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