Reference No: PLS_PT182

Cafe and Restaurant
Port Macquarie NSW

Price: $85,000 Negotiable question mark popup button

Popular Café Located on a Busy Intersection- Mid North Coast For Sale

This well-known Café on the Mid North Cost has been established for more than 10 years and has been with the current owners since 2015. There are 15 seats outside and 35 inside the café is approx. 100 square metres in size.

The business is located on a busy intersection and is surrounded by lots of businesses, gyms and specialist health practitioners. Being situated away from the CBD means that this business benefits from a very low rent ($489) and has virtually No Competition. Key surrounding businesses include Growers Market, IGA, Rebel Sports, Liquorland, a Butcher and a Backpackers.

This café is an ideal first business with low entry cost and low overheads, if you have always wanted your own business but have been worried about spending too much or having high rent then this one is well worth closer inspection.

Coffee and food sales are strong with current sales at 15kg+ per week and the café also serves breakfasts, a range of wraps, salads, burgers and toasties, and sweet treats. The premises have a wide range of cold drinks such as milkshakes, frappes and smoothies. New growth has been found in lunch catering for local businesses, and strong relationships have been developed.

The cafe has recently undergone a major refurbishment and there is nothing left for a new owner to do.

Due to health and family circumstances the current owners are no longer able to work in the business.

Lease
The 5x5 year lease commenced in October 2019. - CPI. increases – A 3-month bond is required

Staff
4 Staff in total including one full time barista one casual chef, and two casual customer service assistants

Trading Hours
Mon-Fri 6am – 2pm
Sat 7am – 12 midday

Sun closed; public holidays closed

Premises
100 square metres. - Commercial kitchen. Outdoor seating area. Car park at rear.

Opportunity
The food cost percentage and wages are currently higher than they should be, an experienced operator could reduce both and greatly improve profits.

Continued growth in external catering for local businesses with strong relationships developed.

Opportunity to open Sundays and Public Holidays

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

**Weekly**
Turnover (inc GST) $5,880.98
GST $534.63
Gross Profit $3,680.73
Total Expenses $2,506.38
Net Profit $1,174.35

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Price: $85,000 Negotiable
GSE Business Consultants
Address:
Level 32, 101 Miller Street
North Sydney, NSW, 2060

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Contact: Paul Leach
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