Visit this listing at https://www.sbx.com.au/business?id=TQM1089

Business Code: TQM1089

Key Features: Cafe - Nett $10k pw Restaurant - Bar - Bakery Northern NSW coast - Sales $50k pw

State: QLD

Suburb: Coolangatta, 4225

Location: Excellent prime corner location in hub centre of busy coastal town in Northern Nsw .Directly opposite major supermarket .and number one location in the town.

Description

Cafe - Restaurant - Fully licensed bar and retail bakery - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked onsite delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.Vendor is prepared to give a smooth transition to a new incoming owner.Full bake house but recently all bread is being purchased wholesale which reduces wage and electricity costs .All takeaway food is pre prepared so easy to serve over the counter with quick turn around of customers.

Summary

  • Features: Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business - Low weekly rent - Long lease - Financial figures available.Rent is less than 5 % of weekly sales which by weekly standards is excellent .Large pool of young casuals to draw from at peak times.
  • Potential: Increase online marketing to attract a larger trade through the region,
  • Premises: Bar & restaurant corner site with bakery attached next door and a total area of 300 square meters.
  • Trading Hours: 7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m and Dinner - 5 p.m. - 9 p.m.
  • Lease: Current lease ending ending 30th June 2024 with two further five year options. - c.p.i - 2.2% increases - no bond.
  • Employees: Owner + 7 full timers ( One baker and one pastry chef )+ 19 casuals.(Husband works 20 - 30 hours pw ) and wife works 9am to 2pm Monday - Friday..
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$50,000

Cost of Goods

$17,500

Gross Profit

$32,500

Rent

$2,273

Wages

$15,000

Telephone

$200

Insurance

$500

Electricity

$800

Misc1

$3,727

Coffee Kilos P/W

25

Total Expenses

$22,500

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$10,000

Price

$1,098,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cafe - Restaurant - Bakery - Bar

Business Code: TQM1089
Price: $1,098,000
+ Estimated SAV $20,000

Key Features: Cafe - Nett $10k pw Restaurant - Bar - Bakery Northern NSW coast - Sales $50k pw

State: QLD

Suburb: Coolangatta, 4225

Location: Excellent prime corner location in hub centre of busy coastal town in Northern Nsw .Directly opposite major supermarket .and number one location in the town.

Description

Cafe - Restaurant - Fully licensed bar and retail bakery - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked onsite delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.Vendor is prepared to give a smooth transition to a new incoming owner.Full bake house but recently all bread is being purchased wholesale which reduces wage and electricity costs .All takeaway food is pre prepared so easy to serve over the counter with quick turn around of customers.

Summary

  • Features: Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business - Low weekly rent - Long lease - Financial figures available.Rent is less than 5 % of weekly sales which by weekly standards is excellent .Large pool of young casuals to draw from at peak times.
  • Potential: Increase online marketing to attract a larger trade through the region,
  • Premises: Bar & restaurant corner site with bakery attached next door and a total area of 300 square meters.
  • Trading Hours: 7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m and Dinner - 5 p.m. - 9 p.m.
  • Lease: Current lease ending ending 30th June 2024 with two further five year options. - c.p.i - 2.2% increases - no bond.
  • Employees: Owner + 7 full timers ( One baker and one pastry chef )+ 19 casuals.(Husband works 20 - 30 hours pw ) and wife works 9am to 2pm Monday - Friday..
  • Sale Reason: Needs a break after nine years.Great opportunity for keen new operaters.
  • Comments: Vendor is prepared to assist new owners with a smooth transition - This listing is a rare opportunity and is perfectly situated close to beaches, schools and major shopping centres - Outdoor seating costs $300 a quarter but currently not being charged by council due to covid 19.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$50,000

Cost of Goods

$17,500

Gross Profit

$32,500

Rent (ex GST)

$2,273

Wages

$15,000

Telephone

$200

Insurance

$500

Electricity

$800

Misc1

$3,727

Coffee Kilos P/W

25

Total Expenses

$22,500

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$10,000

Price

$1,098,000
+ Estimated SAV $20,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.