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Sold - Busy Cafe Espresso Bar - Woolworths Complex For Sale

Prospect Vale, Tasmania, Australia
Asking Price:
Sales Revenue:
Available on request
Cash Flow:
Available on request

INVESTMENT: $295,000 + SAV

This is a first time opportunity in 20 years to own a popular independent cafe espresso bar in the very busy Woolworths Market Place Complex at Prospect Vale Mews in Launceston city.

Located centrally within the complex the cafe espresso bar area has seating for 70. Sales include coffee, cakes & biscuits, light meals & toasties, and all day fully cooked breakfast.

During COVID the owner decided to cook and bake his own products both increasing sales, food range and boosting gross profit margins. Further opportunity to add to product range.

The most attractive feature of this business is staff are well trained and can easily manage the business with the owner only working 26 hours a week, and no weekends.

The business generates strong profits for the owner whilst working reduced hours for personal lifestyle reasons.

* Independent cafe, no franchise fees
* Very popular Woolworths complex, high foot traffic
* Complex has 15 tenancies, major brand names
* Increased sales significantly through COVID
* Cooking own products in house has increased margins
* Popular with customers
* Well trained staff
* Long lease, reasonable lease rental for prime location
* Very profitable
* Business runs efficiently, owner works 26 hours per week

You don't need to be a professional barista as training on products and coffee provided by supplier.

This business still has potential to grow and will suit a couple or two partners who want to share a working week.

Enquiries treated in the strictest of confidence.
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