Iconic Wagga Cafe | Sales over $1 Million | Under Management

$399,000 Plus SAV

Description

For sale is a cafe and specialty coffee shop located in the thriving Riverina City of Wagga Wagga.

The business presents very well with a high quality fit out enjoys a stable and strong base of trade and has demonstrated consistent sales growth over a sustained period of time.

The cafe offers a full menu of breakfast and lunch items as well as a range of cakes and snacks. There is strong demand for coffee both for dine in and takeaway and food sales have shown particularly strong growth in the last 18 months. The business barely wobbled during Covid and trading conditions are currently extremely good which demonstrates the durability of this successful regional business.

A new 10 x 5 year lease commenced in May 2019 offering long term stability with rent that represents only 5% of turnover.

This is a mature and profitable business that is well organised and highly profitable with all cost centres in the business performing to industry benchmark standards with full and thorough financial reporting. There is an opportunity to increase net profits through focussing on increased efficiency of the labour and cost of goods.

The cafe has a great crew on board with experienced chefs, supervisors and managers, the roster runs like clockwork and any new owner will have a high level of support from the team. The owners do not work in the business and have understandable reasons for deciding to sell.

If you are interested in acquiring a well-established and highly successful coffee shop with a long, low cost lease then this is your opportunity.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Lease Info

5x5 Commenced 2019

Weekly Sales & Turnover

Coffee Sales Per (Kg)

Turnover (inc GST)

$23,648

Rent

$1,250

Reference No: RITS0702

Business Listed by

Robert Illsley

Hospitality Consultant, Licensed Business Broker Canberra ACT @ GSE Hospitality Brokers

Robert Illsley is a licensed Real Estate Agent running the NSW Regional and Canberra office of GSE Business Consultants who specialise in selling food businesses.

I am very passionate about hospitality and have been involved in the industry for much of my working career. I trained as a Fine Dining Restaurant Manager and I have also been involved in the Wine Industry having spent 6 years working for one of th UK’s most well respected merchants.

In 2014 I set up my own specialty coffee shop which I ran for 4 years and I discovered a passion for broking when I came to sell my business. After a couple of bad experiences with brokers I discovered GSE and Paul showed me the right way to sell a business and he helped me to achieve a great price for my café in a reasonable time frame.

I understand that café owners are hard working people and when it comes to selling you want to entrust the sale to somebody who is as passionate about your business as you are.

I believe that selling a business works best in partnership between the broker and the seller and I work hard to gain an intimate knowledge of how your business works and what makes it special and unique and my passion and knowledge for the industry allow me to speak with authority when I am talking to buyers.

It is never too early to develop an exit strategy so if you have been thinking about selling or just want some help to understand what the process will be like when you do, then don’t hesitate to get in touch with me at any time.

Robert Illsley 0415 243 750

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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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Regional NSW