Sold

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**

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

Trading Times

7 days - Monday - Friday 6.30am - 2pm | Saturday - Sunday 7am - 2pm

Size of Premises

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.

Reference No: STSW0201

Business Listed by

Julian Mero

Managing Partner of GSE QLD | Senior Hospitality Consultant |Licensed Real Estate Agent & Hospitality Business Broker @ GSE Hospitality Brokers

Growing up in the hospitality industry with my dad owning an Italian restaurant, and my mum owning a ski lodge with a fine dining restaurant, it’s safe to say hospitality is in my DNA!

After I left school I wanted to try something different, so I entered the sporting industry, working at world class companies such as Nike Australia, FILA International and Pacific Dunlop, where I enjoyed and excelled in sales and marketing roles.

I loved my time in the sporting industry, but the itch to be part of the hospitality industry never left me, so when an opportunity came up to invest in and operate a restaurant in Brisbane, I jumped at the chance.

Over almost a decade, I invested in and operated multiple restaurants and a coffee specialty café, I became the National Operations Manager of the group – which eventually established 25 restaurants and 6 coffee specialty cafes trading under The Groove Train and Coffee Hit brands.

In 2015 we sold the business to Minor DKL – the parent company of The Coffee Club. Knowing that the sale was imminent I decided to further educate myself and completed my Masters in Business Administration at The University of Queensland.

In my role at large institutional landlord looking after food and beverage leasing, I have gained extensive knowledge and experience about the site selection process, lease negotiation structures and the details of how the industries best businesses achieve favorable leases.

Having owned, operated, and sold hospitality businesses, together with working for one of the countries premium institutional landlords. my experience is very well rounded. If you need help with the day to day running of your business, growth strategies or with any lease/landlord requirements please do not hesitate to reach out.

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The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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