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Iconic Cafe Inner City Est 21 Years For Sale

Darwin, Northern Territory
Asking Price:
$590,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$1,000,000 (AUD)
Cash Flow:
$500K - $2.5M (AUD)

Licensed Cafe with Best Location is on the market due to original owner returning overseas.

Since it's inception in 1997 this highly respected cafe has built up a trusted reputation based on good food, good service and good value. The sole owner/operator has setup a systematized business to deliver these qualities over the many years. Through ups and downs in the economy Salvatores Cafe has stood the test of time. However the owner is compelled to return to country of birth to be around family and is selling this well established cafe.

It is not a franchise though it is often compared to one due to its slick operation and well thought out decor. Therefore, there are not royalties to pay and no head office to gain permission. You are entitled to keep all profits 100% and not send them back to a company (sometimes up to 15% of turnover) and free to make any changes you deem necessary. Want to try a few special dishes? Then you can. Change the hours of operation? Then you can. Freedom to run your own establishment, with one important catch - you are purchasing a business with a solid reputation from the minute you open the door. Starting a new business is highly risky, especially a food based one. Spending life savings is almost like speculating. With the purchase of Salvatores Cafe you are making profit from day one.

Need some training? The owner is open to the supply of hands on training by himself. He is happy to train an individual, a couple or a team of incoming owners on how to successfully run a cafe. Everything is ready:
Suppliers - solid trading reputation with pertinent ingredients and products sourced. Some products are unique to Salvatores and only available to them.
Staff - a team of long employment ready to continue on the success of Salvatores.
Licenses/Logo/Databases - all the finer points have been setup and in place for more than 20years.The name is trademarked to secure the identity. Strong Social Media presence with genuine followers.
Menu - tried, tested, refined and manageable. Easy to learn and easy to modify as patrons and eating habits change. Weekly specials and unique recipes to maintain customer interest.
Liquor License - enviable license which includes the outdoors patio. Highly sought after with the ability to serve without a meal.
Landlord - a single person not some large company who cares little about you or your business. Salvatores Cafe has been a corner stone tenant and valuable asset to the building.

Property information

Real Estate:

Lease

Lease Terms:

5 years with options

Location:

Prime Location in the middle of Darwin City. The best foot traffic in town.

Premises Details:

Located in a well maintained building with strong tenancy mix providing desirable destination.

Business Operation

Competition / Market:

Other tenants in building offer alternatives but no direct competition.

Reasons for selling:

Single owner returning to country of birth due to starting a family. All family living overseas.

Trading hours:

Seven Days, 7am-9:30pm.

Employees:
15
Years established:
21 years

Other Information

Support & training:

Owner open to training if required.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Possible but majority required at time of purchase

Website:
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Relocatable:
This business can be relocated.

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