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Business NO.:
3418690
Status:
Active
Price:
$695,000
Plus SAV:
Yes
Updated on:
02/04/2024
Business Features:
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.

CLOSE TO $1.3 MILLION ANNUAL SALES, UNDER MANAGEMENT, LONG ESTABLISHED & PROFITABLE CAFE IN BRYON BAY

Cafe/Coffee Shop | Business for Sale | Riverside

Owner founded the cafe business in the 90s and relocated it to Bryon Bay 14 years ago. This recognisable, popular, under management and profitable cafe is a "must visit" destination for the locals and travelers of the bay vicinity.

It offers good casual Byron vibes, excellent coffee, delightful breakfasts, dynamic food, professional & friendly service all blended in to produce an atmosphere that buzzes on continuously.

This "busy all year round" cafe is situated in a prime "150M to beach" location with top visibility enjoying high foot traffic. The shop has a very long lease and is supported by a friendly landlord and a reasonable rent of $2700/week inclusive.

Based on the latest yearly record, the highest and lowest weekly incomes were $38K & $22K respectfully with an averaged weekly taking of $26K (annual income $1.3M+) run by a full time Manager supported by a full team of experienced and reliable kitchen and customer-facing staff.

The owner has been enjoying very lucrative passive income and is reluctantly to offload due to personal reason. He has committed to build a smooth and hassle-free transitional experience for the new owner in terms of provisioning of post settlement training and relevant support.

The business is perfectly suitable for 188A or 491 Visa applicants.

Contact Henry Chow

| Amy Wan

Asking $695,000 + SAV ($5,000)

For more details, please email broker or call agents.


Level 9, 1 Corporate Court, Wyndham Corporate Centre, , Bundall, QLD 4217