There's plenty of potential to easily increase turnover with multiple income streams available. The new owner can expand on the menu being offered and extend the opening hours, they could also source catering and event opportunities and there is also a fully established online store that is completely underutilised. A savvy buyer could seize the full potential that this online site has to offer, and all the hard work has been done setting it up.
This well-established café is currently doing 25kg's of coffee per week and also has the advantage of a very low rental of $890/week, and even more impressive are the very low wages cost each week.
Key Features:
- Great First Business
- Well Established and super easy to operate
- Fantastic Location
- Online Retail Store Included
- Favourable and very appealing opening hours.
- Excellent Lease with low rent
- Modern premises and location
- 25kg's of coffee per week, with scope to grow even more.
- Multiple Income Streams
- All equipment is well maintained and included
The current owners have been there for over ten years, and they are now ready to handover this great location and their successful business. They currently are open very limited hours that will help keep the work/life and family well balanced.
The café is ideally situated in Wollongong suburb close to the University, Hospital, Schools, Clubs and shopping centres. The awesome location, with other retail shops adjoining and close by there is a constant flow of foot traffic.
The sale will also include their current online retail store, this website is fully set up and is operating. A strategic and motivated new owner with renewed energy and passion you could explore multiple online sales very quickly, because it is already setup.
The café also has a unique advantage in offering multiple other income streams. The café is also a place where customers can indulge in a bit of retail therapy, with many wonderful gifts and bargains also available for sale.
Staff
The business is currently operated by the owners(mother and daughter, but not rostered on together) and casual staff.
Lease
The 5 x 5 year lease commenced in Dec. 2022. With 4% increases, a Two-month bond is required.
Trading Times
7 days Mon Fri 7.30 a.m. to 2 p.m. 8am 1pm on Weekends
Size of Premises
Approx. 90 square metres. tenant parking spaces, fitted out for Emporium, giftware and café, storage, inside and outside seating.
Opportunity
The opportunity here is for an owner to simply take advantage of the great location and wonderful established and fully equipped business, and with the right level of energy and motivation take advantage of all of the earning potential that is available.
A new owner could increase turnover easily simply by increasing the days and hours of trade and look to capture more of the available foot traffic that is there each day. You could also look to expand the menu offering and provide more variety and selections to draw in more customers.
It would also be possible to expand on the online presence and explore greater online activity and sales. This aspect of the business is greatly under-utilised at present but is fully set up and operating. It just needs a motivated person to steer it in the right direction.
** Weekly**
Coffee Sales 25kg+
Sales $11,250
Rent $891
Wages $2,232
Net Profit $1,530
