Gold Coast Cafe. Excellent Earnings To Owner

A classy Cafe in a prime position doing $650,000 and netting part time (20hrs) working owner 24.15% of revenue. Excellent fit-out and all equipment owned including coffee machine.

This business has a lot of repeat business and is very consistent all year round. Operates 7 days, no evenings. It is a popular cafe located just off the highway towards the southern end of the Gold Coast. It has one of the best positions in the shopping centre with a supermarket, food retail, medical and banks.. so lots of walk-by traffic. The cafe has plently of room seating over 70 and is presently the only large cafe located on the inside of the shopping centre.

The menu is extensive and varied offering well priced, homestyle food. Recently renovated. Coffee throughput is approximately 19.5kg per week. Sales growth on last year 10.98%.

Current owner works 15- 20 hours a week and produced earnings to owner of 24.15% of sales (ex gst). This is incredible for a small local cafe business to a part time owner. 

Great opportunity for a new owner to take on the business and work full time, or for a husband/wife/partner operation and lift your takings to over 32% of sales which is well over $200,000. If you love to cook the business earnings are even greater as this is where the biggest wage is. The business is also 85% cash.

All equipment is owned. The price of $250,000 is WIWO. Not negotiable.

This is one of the very few cafes that makes money.

Market Conditions & CompetitionBusiness growth 10.98% on last financial year.

Financial SummaryFull financials available including latest financial year and line by line add-backs. Extensive record keeping available for viewing to serious purchaser.

Training & Support1 week training provided if needed.

Reason for SellingCurrent owner 5 years. Reason for sale is personal health reasons so retiring.

Location City: Gold Coast McState: Queensland CategoryCafe
Websitehttp://on centre website and facebook. also on quandoo online booking website

Weekly Revenue$12,500 Monthly Revenue$54,250 Annual Revenue$650,000 (Including GST)

Contact PersonMs Hooper Price$250,000 WIWO (Not negotiable) Year Established2006

Phone0466889199 Cashflow$Excellent Employees15

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