This Westside cafe is perfect for owner operators who are looking for a neighbourhood cafe with a captive market and little to no competition. This year sales have increased from $10.6k per week to on average $11.2k net for the owners which has increased their profitability further.
This cafe is low cost with COGS, Wages and all expenses at or under industry benchmark and showing strong profitability with a simple operation.
Why are they selling? The owners have decided to focus on family with young children so now is the time to pick up this great business they have built.
Key features:
- Sales are up 6%
- Consistent sales each week with a captive local market.
- Great rental % vs sales below 5% (including outgoings - Incredible!)
- Clean books with low expenses and a simple operation
- Healthy profit - Thanks to low rent, healthy wages and industry standard COGS
- Strong team in place
- Little to no competition - No other similar cafes nearby
- Deal directly with your commercial and supportive landlord
- Small bond - only 3 months required
This is the criteria first time owners or savvy operators should be looking for.
Don't miss you chance to own a local cafe you've always dreamed of!
Staff No
*Two owners who work full time hours covering shifts across the 7 days. The owners cook on the days they are working *One full time Barista working 38 hours
*One part timer working 15 hours
*4 junior casuals covering weekend shifts.
Lease Info
The 1 year with a 3-year option and a landlord that will consider an extension as part of the lease assignment.
Trading Times
7 days
Monday - Friday 6am-2pm
Saturday - 6:30am to 2pm
Sunday - 6:30am to 1pm
Size of Premises
*36 Square meters + Licensed courtyard.
*Seats for 48 (10 inside, 4 out the front and 30 in the courtyard) and out the back in the courtyard which the cafe has exclusive access to during the week and exclusive use on weekends until 12pm.
Opportunity
Own you own cafe that has a history of stable success that is the definition of a community cafe ideal for an owner wanting their own piece of Chapel Hill.
**Weekly**
Coffee Sales 35kg
Sales $10,688
Rent $488
Wages $3,033
Net Profit $2,707
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