Reference No: 20201

Cafe and Restaurant
Uralla NSW

Price: $75,000 WIWO Leasehold question mark popup button

SUCCESSFUL CAFÉ BUSINESS IN A PRIME LOCATION For Sale

LOCATION

Situated opposite the local supermarket this thriving business has an established clientele plus being a popular venue for the travelling public. Uralla is renowned for its food outlets and is the only town between Willow Tree and Tenterfield where the highway goes through the main business area.

The name "Uralla" was taken by European settlers from the dialect of the local Anaiwan people, and means "meeting place". Appropriately named, Uralla is located 501km north of Sydney and 485km south of Brisbane at the meeting of the New England Highway and Thunderbolt's Way. The town is famous for its connection with bushranger Fred Ward, alias Captain Thunderbolt, who was killed near Uralla in 1870. Uralla offers fascinating insight into the gold-rush days of the 1850s. This part of Country NSW is steeped in history and nature.

Famous for its laid back village life and unique history, discover fabulous country cafés, bakeries, B&Bs, friendly hotels, delightful clubs, boutique wool and clothes shops and antique stores. Search for gold or gems at the fossicking site, camp with the kids, take the Heritage Walk or take a scenic drive to Gostwyck Chapel. Uralla is a classic Australian country town with a lot to tempt and satisfy the touring traveller.

BUSINESS OVERVIEW

The café has a seating capacity of 28 plus further seating on the footpath. The customer area is approximately 90m² and includes a reverse cycle air conditioner, a wood heater and a fan. The modern commercial kitchen includes all the necessary equipment plus a cool room and gas hot water. There is a space with fittings for a wood fired pizza oven. Included are a laundry and two toilets.

The 2018/2019 financial year included large expenses relating to the upgrading of kitchen equipment and renovations to the café. This still created a gross profit of $127,374.

Opening hours are currently 9.30am to 8.00pm from Wednesday to Sunday. Operating figures could be improved if the business opened seven days per week.

It should be noted that the business is being sold due to the ill health of the leasee. The business is currently run by a husband and wife plus casual staff.

The current three year lease has an option for a further three years. The current rent is $334/week with an annual CPI increase.

A car is included for the lucrative home delivery market.

$85,000 + Stock at Value.

The purchaser to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

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Price: $75,000 WIWO Leasehold
Imacka Property
Address:
56 Bridge Street
Uralla, NSW, 2358

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