Cafe - Espresso - Takeaway - University - Cafe - Espresso - Net $3065 pw - University - Sales $12k per wk Sth Coast Syd - F3412

Cafe - Espresso - Takeaway - University - Wollongong Illawarra - Agent SBX Code Number: F3412

Cafe - Espresso - Presenting an exceptional opportunity to acquire a thriving cafe in a high-achieving university area. The cafe boasts a premium coffee blend alongside a diverse menu offering full breakfast and lunch options, including sandwiches, salads, cakes, freshly baked muffins, and snacks. Additionally, it features an innovative concept of ready-to-go food products. The establishment currently sells 25 kgs of premium coffee and 6 kgs of hot chocolate weekly. With seating capacity for 50 customers (10 inside and 40 outside), it provides a welcoming ambiance for patrons. the selling price of $149,000 (Including more than $50,000 worth of equipment, plus $3,500 estimated stock extra to selling price.)If you are seeking a low-cost startup business with a strong customer base and growth prospects, this cafe presents a compelling opportunity. To explore this further, please sign a two-page confidentiality agreement with SBX Business Brokers, followed by a face-to-face or virtual meeting with the vendor.

Potential
Expand catering and functions - Extend operating hours as there are lots of foot traffic in the evenings. Also opening on the weekends to cater for students and staff who live on campus and only 3 mins walk to the store. Would suit owner operator or 2 working partners.

Features
Well-established 5-day business (No weekends or public holidays)Equipped with a brand new kitchen to offer hot food items (burgers, fries, etc.) (pending landlord approval)Tremendous potential for expansion into catering and functionsIdeal location with high foot traffic and no nearby competitionFavourable lease terms with low weekly rent and inclusive of electricity costsCustomer base includes university staff and students

Premises
The cafe boasts a spacious seating area, both indoors and outdoors, with scenic tree-lined views. The outdoor seating area is licensed and adds to the appeal of the establishment.

Location
Well located in the heart of a large university and excellent position in the middle of building full of both staff and uni students in the Wollongong area.

Trading Hours
Trading Hours Currently, the cafe operates from Monday to Friday, 7 am to 4 pm, but there is a possibility to extend hours, including weekend trials.

Lease
The current lease expires in November 2026,Bond $20000 plus gst with the potential for a new 8-year lease for the right purchaser. The lease terms include minimal additional expenses, making it an attractive option. gas, nothing to pay other than the rent!

Employees
The business is managed by one individual, with the support of three dedicated casual staff members. The financial figures provided assume the operation of one working owner and three casuals. The staff would be happy to stay.

Comments
A large outdoor licensed seating area is available and forms part of the lease together with umbrellas and tree lined views. A 3 group coffee machine, puk press and grinder being used is owned by the coffee company. Everything else is fully owned. The premium coffee blend being used is purchased from an Australian owned company supplier at very reasonable prices (can be changed if buyer wants to) - Current owner is going to trial opening on the weekends soon as there are large number of customers who live on the campus and nearby, Sales shown are current as at August 2023. Rent (ex GST) $1,080 (including marketing, outgoings, electricity, water and gas later if wanted. Staff wages are $3,200.00 p.w + Managers wage $1,150.00 p.w has been removed to show profit for one working owner operator .

Figures
Weekly Sales $12000
Rent (ex GST) $1080
Wages $3200
Profit $3065


Agent SBX Code Number: F3412 - SBX Business Brokers