Industrial Cafe - Freehold

Description

Business type: hospitality

Established: 1987

Current ownership: since 2007

Business price: $490,000 plus stock at value

Freehold price: approximately $1.3 million

Financial performance

Weekly turnover: approximately $25,000

Annual net profit: more than $280,000

Price to profit ratio: below 2:1

Operations

Trading days: 5.5 per week

Employees: 11

Daily cooking and service: staff managed

Owner role: administration and occasional support

Owner involvement: minimal

Premises

Kitchen: fully equipped

Service area: fully equipped

Kitchen and service areas: recently renovated

Lease

New lease: available

Rent: $5,000 per month

Freehold option

Freehold purchase: available with business only

Residential apartment: two bedrooms

Apartment rental income: approximately $450 per week

Owner occupation: possible

Customers

Customer base: large and loyal

Buyer profile

Owner-operator: suitable

Managed ownership: suitable