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This beachside cafe was established by the current owner in 2008 and is located in an idyllic seaside town on the Fleurieu Peninsula. The cafe offers a casual beachside dining atmosphere with a seating capacity of 32 inside and further 54 outside (licensed for 95).
The town is home to spectacular beaches, homeware shops, stylish cafes and chic beachside cottages. The population swells over the holiday periods and is a favourite destination for many South Australians and visitors.
The cafe is run by one vendor working approx. 30 hours per week and employs 2 full time staff and 11 casuals. The cafe trades 6 days per week 7:30am to 3:30pm and trades 7 days per week during holiday periods and summer months. After 14 years of operating the cafe, the vendor is now looking for a change in career.
Tony Iasiello 0412 217 608
Goodwill including Plant & Equipment | $220,000 |
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Stock at valuation (approx) | $8,000 |
$228,000 |
Year | Sales | Return to Owner | Return on Owner's Investment |
---|---|---|---|
2018/2019 | $888,261 | $92,143 | 40.41% |
2019/2020 | $740,695 | $52,941 | 23.22% |
2020/2021 | $974,641 (annualised) | $118,546 | 51.99% |
The return to owner is a net return to one full time working owner after all expenses and wages but excluding the vendors’ wage.
Current Rent | $4,637.67 + GST |
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Lease Term | 3 years |
Lease Commencement | 5th March 2020 |
Lease Expiration | 4th March 2023 |
Right of Renewal | 1 x 6 years |
Outgoings | Paid by tenant (currently $1,126.09) |
Adjustments | CPI annually |