Corner Location with $25,000+ in Weekly Takings & Yearly Profits of $200k+ / Best Cafe in AscotListing: #BR00829
About this Business for sale in BrisbaneCorner Location with $25,000+ in Weekly Takings & Yearly Profits of $200k+ / Best Cafe in Ascot
One of the best cafe for sale opportunities in Brisbane, situated within the high net-worth local community of Ascot, next to Doomben Racecourse, this is a true top performer with strong weekly sales and steady growth recorded since its opening.
Fantastic high-profile corner location close to the entrance of the #1 supermarket in the area. Extremely busy for breakfast during weekdays (7 to 9) and lunch time.
Trading only from 7am to 3pm, 7 days with stable weekly takings in excess of $25,000 p/week and yearly rent of only $84,000 p/year with long secure until 2025 granting many profitable years ahead.
State of the art facilities with a kitchen that is just over a year old and wonderfully kept with unencumbered tangible assets as per balance sheet of $230,000.
Endless growth opportunities with potential to expand into functions and dinner trading.
Offered at $280,000 + SAV this business is perfectly set up and only waiting for a new owner to come and reap the benefits.
Very genuine reason for sale.
- Net profit of $200,000+ for the year 2019/20 (T/o $1.1+)
- Premium equipment & fit out w/ current tangible assets value of $230,000 (June 2020)
- Stable takings in excess of $26,000 p/week & true covid-proof business
- Ample dine in seating area w/COVID capacity 40+ allowing business to maintain high trade of $25k+
- Strong experienced team living locally with FOH owner managing operation (minimal involvement)
- Strong & loyal customer base growing by the month with total capacity of 90+ seats
Opportunities like this don't come everyday - to discover more, fill in a confidentiality agreement at www.linkbusiness.com.au/businesses-for-sale/ca/BR00829
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*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.