- Self-managed
- Provides the opportunity to own and run your business for greater reward. Find out more about the difference between managed and non-managed investments.
PROFITABLE, UNDER MANAGEMENT & BELOVED DESSERT BAR IN BRISBANE’S INNER SOUTHERN SUBURB (WIWO)
TAKE NOTE. This is a WIWO business.
WIWO, short for "Walk In Walk Out," is a common term in the Australian business selling. It refers to a type of business sale where the buyer takes over the business operations immediately upon purchase, without the need for extensive transition or stocktaking. The seller essentially leaves everything as it is, allowing the new owner to "walk in" and "walk out" with the business.
The only condition attached for this WIWO business is being sold is obtaining landlord approval for an assignment of the lease.
The owner has a health-related matter hence has an urgency to offload. This potentially means purchaser can buy a quality business with undervalued assets from a seller desperate for an exit. As a buyer, it is up to you to perform your due diligence to ensure you know what you are getting into.
This thriving, profitable, under managed dessert bar & café nested in a the vibrant heart of inner city of Brisbane has a welcoming atmosphere, exceptional coffee, and a loyal customer base. It is perfectly positioned in a bustling area with plenty of foot traffic, excellent visibility and easy access. It is a "go to" destination for both local residents and nearby businesses workers. Their famous deserts includes croffles that come in both sweet and savoury offering a diverse range of flavors and toppings, butter bars, puddings and cheesecakes. This business also serves a variety of drinks including coffee, matcha, iced tea and fruit soda etc. In addition, a delicious menu of hight meal including ham cheese toast, steak toast and smashed avocado on toast are also the favourites of its patrons. The new owner can introduce a new menu to scale up its popularity and revenue.
The dessert café is fully equipped and ready to go—no extra investment needed. It's currently run by one full time Manager and some causal staff for the busy hours. There is no big team required with plenty of room to grow and lot of untapped potential. The shop's weekly rent is $900 including GST, O/G and electricity and is supported by a very friendly landlord and a lease till September 2030.
Weekly turnover is averaged at $5,000 (including some cash) and weekly net profit is close to $1,000 after paying the wages, cost of goods, rent and miscellaneous expenses. The Manager's wage is around $1,200/week so if the buyer is an owner operator, the annual netting for this business will be over $100,000.
The owner used to work there but not much given with health-related issue and is committed to offer education and a "hassle free" transition to the new owner.
This is a WIWO offering for any motivated operator who is after best return on investment. Besides, this is a perfect business for buyers who are applying 188A business visa in order to satisfy his/her visa application.
Contact Henry Chow
| Amy WanAsking $65,000 WIWO (including stocks)
Ref. no. BUY2507
DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.
Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.
No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.
Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.
This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.
For more details, please email broker or call agents.
