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Price reduced - Wynnum - Manly Cafe Great Corner Position Low Rent

SELLING PRICE

$110,000.00

LISTING AGENT

Steven Ellis

OVERVIEW

  • Listing ID 1587
  • Price $110,000.00
  • Categories Cafe/Coffee Shop

Details

This popular friendly Cafe takes a prominent corner position in Wynnum's growing CBD.

The Cafe has been operated by the current owner for 11 years and is well supported by the local residential and business community. After 11 years of providing friendly service to the locals, the operator is moving on, to operate another non-related business that has been a distraction from the cafe over recent years

The sale of this business takes place on the cusp of the planned construction of significant developments for Wynnum.

With the construction of 7 cinemas and 1200 units to commence shortly in the immediate vicinity, now would be a great time to secure cheap rent for this corner location before rents in the area increase after completion of initial construction activities.

The cafe currently trades for breakfast and lunch, but favourable lease conditions allow for longer trading hours should the new owner wish to offer dinner service.

The landlord is open to maintaining current rental costs and will extend favourable lease terms to the incoming operator.

The cafe averages in the order of 30kg of coffee per week and offers a variety of locally made cakes and deli items.

This business is certainly worthy of consideration given the rent, turnover, motivation of the owner to move to the other business venture, and the imminent increase in foot traffic from forthcoming construction in the area.

Key Features

* Training & Trial Available

* Current owner has had this cafe for 11 years.

* Run Under Semi Management

* Cheap Rent  $762 Per Week  ( Including GST & All outgoings )

* Long Lease appr 7.5 years remaining

* Coffee Sales  27-30 Kilos per week

* Seating for 70 People

* Well equipped kitchen with a good fit out

* Opens 48 weeks per year

FOR ASSISTANCE PLEASE CONTACT:

Steve Ellis 

0418 569 009

s.ellis@networkinfinity.com.au

http://networkinfinity.com.au/en



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