Inner City Licensed Cafe Run Under Management – Quick Sale Required
$129,000 plus SAV
Description
This Cafe is located in the fast-growing inner-city suburb of West End. The Cafe is currently trading 7 days a week for breakfast and lunch, however given its location and the fact that it is licensed, this Cafe has the potential to trade nights and increase its turnover immediately.
The Cafe has been owned and operated by a family for over 11 years, however it is currently being run under management with some long-term staff.
This Cafe is primed for someone to come in and take it to the next level. With another four residential towers being built over the next few years in a neighbouring development, the upside of this Cafe location is endless.
The cafe is equipped with an inviting dine in and alfresco outdoor dining area as well as a full open plan commercial kitchen, storage room and 2 walk in cool rooms.
Some of the other key highlights include,
– Grossing over $900k per annum
– Currently operated under management
– Excellent long lease with 2 x 5 Year options available
– Untapped extra earning opportunities
– Located in the heart of West End
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Members only
Staff No
The business is operated by a manager on a Full- Time basis and employs 11 other staff. 3 Total Full Time Staff 9 Casual Staff
Lease Info
Current lease expires - 30/06/2023 | 2 x 5 Year Options Available Commencement - 01/07/2015 - $88.923.72 with 3% yearly increases + Outgoings + GST
Comprising of a total 107 square metres of internal space with a 33 square metre outdoor alfresco dining area. The internal area provides open plan dining and includes professional cafe counter for ordering and service. There is an open plan large commercial kitchen at the rear which includes storeroom and 2 x walk in cool-rooms.
Opportunity
This is a unique opportunity to purchase a business with an excellent and long track record of successful sales. The West End entertainment and dining precinct is ever-growing and a buzz with loyal locals and tourists at anytime of the week.
With the upcoming Brisbane Olympics announced the Inner-City Brisbane scene has reinvigorated after a hard couple of years dealing with Covid-19. There is a buzz in the city once again and with a high number of people now calling Brisbane home especially from interstate areas there is a high demand for this style business.