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Terrigal Café – Under Management! Location, Profitable For Sale

Terrigal, New South Wales, Australia
Asking Price:
$169,000,000 (AUD)
Sales Revenue:
$476,788 (AUD)
Cash Flow:
$1,927 (AUD)

This Terrigal Cafe has been established for 3 years and has cemented itself as a destination for locals and tourists alike within the village.

Strategically located adjacent to local hotels, businesses, residential apartments and the beach and with ample parking nearby, the exposure and patronage of the Cafe is strong year-round.

The Cafe is run completely under management. It is known for its offering, particularly it's coffee and bacon & egg rolls. This creates a significant point of difference for this cafe.

Covid-19 has not adversely impacted this business since July – coffee and food sales have remained steady as locals and the resurgent tourists discover the offer. Operating 7 days a week for breakfast and lunch (5:30am to 1:30pm Mon-Fri; 6am to 1pm Sat; 6:30am to 1pm Sun), it's post Covid sales have averaged $9.2k per week ($8.9k FY18/19). With access to outdoor seating, it is the perfect cafe able to cater for the local residents, businesses and tourists. Fitted with a grease trap, the growth opportunities are endless.

Competitively priced and with a highly motivated vendor concentrating on other Sydney based ventures, this business will not be on the market long.

Perfect business to trade as is and to capitalise on the successful operation by the previous owner. This cafe is ready for an experienced and enthusiastic operator to take the reigns as an owner/operator, extend the hours of operation (and the subsequent product offering) past the lunch-time trade (including nights if required) and reap the financial rewards. This business is all set-up and ready to go. Further profitability can be obtained from the reduction in product purchases/margins and trialling delivery platforms.

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

Turnover (inc GST) $9,169
Wages $1,990
Rent $887
Net Profit $1,927

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