Listing status: Inactive
Reason: --
For sale: The Avocado Hut - Byron Bay's premier cafe!
For sale: The Avocado Hut - Byron Bay's premier cafe!
Industry :
Food/HospitalitySub Industry :
RestaurantAbout the business
If you're looking for a thriving business in one of Australia's most desirable locations, then The Avocado Hut could be the perfect opportunity for you. Situated in the heart of Byron Bay, our cafe is a popular destination for locals and tourists alike, and our delicious food and coffee keep customers coming back time and time again.
Our menu features a range of hot breakfast and lunch options, as well as coffee, sweets, cold drinks, smoothies, and juices. With a focus on quality, fresh ingredients, our food and coffee are the backbone of our business and generate the majority of our revenue. Located on a corner block in the centre of town, The Avocado Hut benefits from high foot traffic from the 1.5 million tourists that visit Byron Bay each year. We also have a strong social media presence with over 5,000 followers and excellent customer reviews.
The Avocado Hut currently employs 8 staff, including 3 kitchen staff, 4 baristas, and 1 dishwasher, in addition to the owner-operator. The current trading hours on the lease allow for the option to open at night, creating the potential for increased revenue. The owner acquired the business in July 2022 and has already made significant investments, including a brand-new display fridge, new dishwasher, and new toaster oven. All other equipment has been serviced and is on planned maintenance, including the cool room.
Due to health reasons, the owner is now seeking to sell The Avocado Hut, offering an exciting opportunity for a new owner to take over a thriving business with enormous potential for growth in this idyllic coastal location. Don't miss out on this unique opportunity
* contact us today to find out more.
* Monthly Revenue circa $52k;
* Lease 3 + 3 + 3 (commenced 2019);
* Rent circa $6,700 per month; and
* Trading 7 days with lease permitting an opportunity to open at night.
Price: $99,000
Contact Tom Jolly at 0403 720 965 or email tom.jolly@thefinngroup.com.au for more information and to submit your offer.
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$99,000
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Buying Advice :
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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