Busy Independent Cafe/Espresso Bar | 5km from Brisbane CBD | Minimal Cooking

  • $225,000 plus SAV

Description

Here is the perfect opportunity to acquire a streamlined, unique and successful independent Brisbane Cafe.

This great suburban hub is definitely worth an enquiry!

Nestled within a prosperous residential suburb, the café offers an atmospheric escape merely 1km away from a bustling shopping precinct and 5km from Brisbane’s CBD.

The area is renowned for its appeal to young professionals and families with the suburb itself boasting affluent schools and great recreational space.

This 40m sq suburban street café with an additional 25m sq of outside and side walkway usage is located along a busy thoroughfare, surrounded by local businesses, schools, and a thriving residential area. With an indoor seating capacity for 15 patrons and outdoor seating for 40, this cafes curb appeal is inviting and unique, with off street parking available for easy access.

The café’s equipment is meticulously maintained, with all assets owned outright, including the coffee machine. There is a popular and easy to produce menu with minimal cooking which attracts a large loyal local clientele, making it a destination café brimming with life.

Opening hours are Mon-Sat 6:30 am to 1 pm and Sundays 7:30 am to 1 pm. The current owner chose to keep the shorter hours post-COVID. Reverting to the pre-COVID opening hours of 6 am – 2 pm is an easy fix and would increase turnover significantly by extending the lunchtime trade.

Currently trading 48 weeks of the year, re-opening for the additional 4 weeks would provide a further lucrative opportunity.

The business is run by one owner/operator who works 34 hours per week, plus 5 casual staff. The current lease runs until March 2024, with an option for a further 3-year extension until 2027.

After working more than 30-years within the hospitality industry the owner is ready to retire. This creates a fantastic opportunity to purchase a highly profitable well-run business where excellent operating procedures are already in place allowing the new owner to transition smoothly with the support and help of a highly organised team.

Buyers will recognise this opportunity as one of the very best of its type and take advantage of the lifestyle benefits and strong turnover of an easy to run, local business within the Brisbane area.

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

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Staff No

  • 1 x working owner 5 x casual staff

Lease Info

  • The current lease ends March 2024 with a further 3-year option to 2027

Trading Times

  • Mon- Sat 6.30am-1pm. Sunday 7.30am-1pm

Size of Premises

  • Inside 40m2, Front outside usage 17m2, Side walkway usage 8m2, Underneath store area 5m2

Opportunity

  • Returning to pre-covid opening hours of 6am-2pm would increase lunch trade Increase social media Add additional menu items Currently operating 48 weeks of the year, There is a lucrative opportunity to re-open for the additional 4 weeks.

Weekly Sales & Turnover

Cost of Goods​

  • $3,350 (29% of net turnover)

Net Profit​

  • $3,005 (Profit to 1 owner)

Turnover (inc GST)

  • $12,851 (Trading over 48 weeks per annum)

Rent

  • $832 (8% of net turnover)
  • Reference No: PLSSDOB08

Business Listed by

Paul Leach

Paul Leach

Hospitality Consultant, Certified Exit Planning Advisor, Licensed Business Broker in NSW, SA, QLD, VIC @ GSE Hospitality Brokers

I grew up in the food business, my parents owned two very successful restaurants. I have fond memories of working alongside them from a very early age.

All through my school years I knew that I wanted to be a part of the hospitality industry and the day that I started at college could not come quickly enough. I spent three enjoyable years learning my trade and left college to join my parents in their second restaurant.

In 1992 my parents decided that the time was right for them to sell up and I felt it was also the right time for me to go out on my own.

In 1993 I opened my first Cafe called “Hogarth’s” and that is where it all began. Over the following 25 years, I built and sold nine food businesses. I loved every minute (well most of it) and learnt a lot about how the sale process works, I also learned some very valuable lessons.

I love the food industry and wanted to crack double digits and open shop number ten, unfortunately, the two things that I value the most in my life, my marriage and my health probably would not have lasted if I had done that so I called it a day

I always felt that there was a better way to sell cafes and food businesses and that is where the idea for GSE came from. My vision was to build a specialist firm of hospitality brokers that could make the sales process as straightforward as possible for the owners of hospitality businesses in Australia.

I am now using the experience I gained selling my own businesses as well as selling a lot of other people’s businesses to lead the team of very talented brokers at GSE.

I would love the opportunity to show you more about how the approach that GSE take can help you to sell your business for the price that you want and on your terms.

If you are looking for a specialist Hospitality Broker who has walked the walk and fully understands the industry and all of the nuances of the sales process then I would love to hear from you.
Call Paul on 0415 801 313

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