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Profitable Cafe Long-lease First-time Offered $700k For Sale

Coffs Harbour, Northern Territory, Australia
Asking Price:
$700,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

There are many reasons why this cafe represents an incredible opportunity in the market right now. You will need to review the information memorandum to truly appreciate this standout opportunity.

This business is extremely well established with firm roots in the community and not reliant on any tourism, despite it's destination appeal.

This business has thrived during Covid. June sales 2020 were $183,000 up 20% on June 2019.

Limited competition and commercial space.

Long lease and low leasing costs at under 4%.
This business is in a stunning and prominent location minutes from one of Australia's most special beaches. There is booming local infrastructure and growth and the business outlook (and owners lifestyle) is bright and sunny indeed.

Key Features
1. Revenue in excess of $1.6M
2. Solid profit to the working owner of $360k in tax accounts
3. Lease of longer than 10 years and less than 4% of revenue
4. Visually stunning and nothing to spend for years
5. Loyal community following means it is busy even without the tourists
6. June sales 2020 were $183,000 up 20% on June 2019

Financial Summary
Revenue: $1,650,000
Gross Profit: $1,100,000
Rent: $55,000
Wages incl Super: $669,694
PEBITDA: $369,294

The Premises
Lease: Ends in March 2024
Annual Rent: $55,000
Annual Increases: 3%
Internal and External Sqm: 135 sqm
Seating Capacity: 70 indoor

This business truly represents the perfect sea change or investment for the astute operator looking for the best of the best!

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