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Located in Keith approximately 230km south east of Adelaide, Henry & Rose is situated just off the access road as you drive through town. Both travelers and the locals will come from far and wide to get their coffee, food and gifts from Henry & Rose.
Henry & Rose pride themselves on buying and selling local produce and supporting other businesses from the Limestone Coast. They stock a boutique brand of coffee called Mahalia and sell 18 kg per week of coffee. They also serve local wines and are licensed for up 90 patrons inside and 80 in the courtyard. Their current turnover is in excess of $18,000 per week.
There are a number of factors that make this licensed cafe so unique; not only do they do great coffee and light meals, they are also a gift shop. A portion of the shop is set aside as the gift area allowing customers to browse and shop while they wait for their coffee or meals. They also sells fresh flowers and regularly cater to local and regional businesses.
At a glance:
Goodwill | $250,000 |
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Plant & Equipment | $60,000 |
Stock at valuation (approx) | $40,000 |
$350,000 |
Current Rent | $1,556.36 per month + GST |
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Lease Term | 5 years |
Lease Commencement | 22nd July 2009 |
Right of Renewal | 1 x 5 years |
Outgoings | Paid by tenant |
Adjustments | CPI annually |