BUSY CAFE IN POPULAR LIFESTYLE LOCATION OF WOLLONGONG - VERY LITTLE COMPETITION
Phone enquiries - please quote property ID 26209.
This busy cafe has all the right ingredients for success: A huge following, repeat customers, a great location, very little immediate competition, quality staff & service along with good exposure on the main road of Wollongong.
Yum Yum Cafe has been established for over 13 years with current owners five. Since then, the business has gone from strength to strength with a huge social media following and a reputation second to none for their Portuguese Tarts and Schnitzels! With an impressive 30kg of coffee per week (and rising), this cafe has become very popular as a drop-in place for the locals and people just driving past. It has a huge facebook community of over 2400 people.
Some on-site baking is required plus has good suppliers in place for other goods and cakes. The business has a fully equipped kitchen, a cold room, refrigerators, sandwich bar, cake displays and much more. Full list
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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