Stylish hole in a wall cafe in the heart of Woolloongabba / Low rent & incredible growth potential.Listing: #BR00665
About this business for saleStylish hole in a wall cafe in the heart of Woolloongabba / Low rent & incredible growth potential.
Stylish award-winning coffee joint available for sale, serving premium quality coffee and homemade sweets baked in store as well as classic breakfast options with a twist, wraps, toasties and takeaway lunch snack packs.
The café is located in the backstreet of a boutique, intimate and urban laneway in the heart of Woolloongabba. The mixed-use development is also home to commercial offices and 147 residential apartments, creating a lively metropolitan hideaway just 1.5km from the Brisbane CBD.
Presented as a cozy hole in the wall intimate space, this truly unique space was designed by a popular New York artist, who's produced also a number of popular clothing lines and assisted a number of business owner in achieving the right style for their venues. The fit out recalls an industrial design, featuring epoxy flooring, exposed duct work ceiling, handcrafted Tasmanian timber tables and a stunning mural.
The cafe boasts a Victoria Arduino “Black Eagle” espresso machine, capable of creating coffee blends through different temperature and steam settings. Patrons can enjoy premium coffee as well as cold-brew or iced coffees.
With current average takings of $5,000 p/week and strong upward trend since its opening, the space seats approximately 28 patrons and it’s set up as a grab and go coffee shop, the small space guarantees ease of operation without the need of a high number of staff in place, representing a perfect and affordable opportunity for a motivated owner operator, working couple or friends.
One of the most exciting growth factors of this artfully crafted business, is a new development comprising of 3 towers (20+ storeys) for a total of over 400 apartments that will be built just next door and set for completion in 2024. The project will start in less than a year time, bringing to this cafe the opportunity of running full capacity catering to hungry workers for the whole duration of works and to residents after completion.
For further information please complete an online confidentiality agreement at www.linkbusiness.com.au/businesses-for-sale/ca/BR00665
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.