Cafe- Coffee Shop – Franchise – Under Management
Business Code: CB1536
$465,000
Enquire now+ Estimated Stock (SAV) $15,000
Key Features: Under Management - Great position with strong well-known tenants - Virtually unopposed - Excellent rent and lease - Strong local support - Well known franchise - Great for family lifestyle business.
State: NSW
Suburb: North Wollongong
Location: Prime location in well established business park in large South Coast city.
Premises: Outstanding presence with vibrant decor and comfortable seating arrangements with scenic views.
Consolidate business interests.
Sale Reason
2018
Established
On site.
Parking
Manager - Front of house - 1 chef - 1 kitchen hand.
Employees
7 days - Monday to Friday: 7.00 am to 3.00 pm. Saturday / Sunday: 8.00 am to 3.00 pm.
Trading Hours
5 year lease commenced 1st July 2023 + 5 years option - Increases 4% - Bond 6 months.
Lease
Cafe/ Coffee shop located in large, modern and well established business park with many well-known tenants. Operating under management, the business is part of a strong franchise group, established in 2012, and with over 50 shops currently franchised. Currently selling 35 - 40kg pw of coffee and 5kg chocolate, as well as a wide range of popular breakfast choices, with lunch selections including burgers, sandwiches, wraps, pastas, salads, pastries, cakes and cold drinks, shakes and smoothies. Kitchen very well ordered and includes walk-in freezer, walk-in cool room, 20l deep fryer, 4 burner gas stove and hot plate. - 30 seats outside - 70 seats inside
Features
Under Management - Great position with strong well-known tenants - Virtually unopposed - Excellent rent and lease - Strong local support - Well known franchise - Great for family lifestyle business.
Potential
Suitable for owner/operator or family buyer - Great opportunity to pursue catering inquiries - Utilise pizza oven which is included and not currently operated.
Comments
Misc.- 1 - Franchise fee 7% and marketing fee 2% p.w - Misc.- 2 -General expenses - Rent includes gas, water and outgoings - Pizza oven included but not currently utilised - Buyers to pay $10,000 plus gst training fees, $7,500 plus gst legal fees and $2,500 plus gst admin fee, which are not included in price - Owner parking space available for $30 pw - 3 group coffee machine remains property of supplier - Manager's wage added back to reflect owner/operator buyer.
