Under Management, Highly Popular & Profitable Landmark Cafe Located At The Upmarket Area of Gold Coast (Suitable for 491 & 188A)

Sold - Gold Coast QLD

Short Summary

Well-established, profitable, landmark cafe as a focal point for the local community offering delicious breakfast options, light lunches, and snacks.

Key Selling Points

• Established brand
• Under Management
• Passive Income
• Short hours
• Flexible hours
• Low Overheads
• Low working capital requirements
• Cashflow Positive
• Non-hands on Owner
• Long term Management and Staff in place
• Strong year to year Sales
• Strong year to year Profits
• Low Rent
• Long Term Lease in place
• 80% Repeat Work
• Best Location
• High foot traffic location
• High visibility location
• Short Trading Hours
• Short working week
• No weekend work!
• Ideal for 491 Visa

Trading 5 days a week and closed at 2:30 pm daily, this successful under management cafe has been under the current ownership for over one year whilst this coffee house was established many years ago.

The cafe is located in the upmarket precinct of Gold Coast neighbouring with numerous exclusive waterfront properties that sell for millions. The premise is ideally located in the hub of tourists and affluent consumers with abundance of passing foot traffic and a cozy and welcoming ambiance. Perfectly designed to provide the perfect coffee catch-up spot or ” breakfast/ lunch destination.

It has been a popular Eatery and social gathering place in the locality and a “go to” place for food and coffee lovers to enjoy barista coffee and cafe-quality food. This cafe has built a strong reputation as the go-to café in the ever-growing residential in the vicinity.

Weekly income averaged $12,000 (Lowest $10K & Highest $15K) and rent is cheap ($1130/week inclusive O/G & GST) with a lease till 2028 (+5 years option).

This cafe is managed by a full time Manager who is supported by experienced staff and knowledgeable Baristas offering a wide range of delectable coffee options, tasty snacks, and light meals to cater to diverse customer preferences. The team is well-trained, reliable, and passionate about delivering exceptional service to customers.

Due to retirement, owner has reluctantly decided to offload and committed to offer post settlement training and a smooth ride for the transitional period. This business is perfect for working partners, 491 & 188A Visa applicants and husband/wife team.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $198,000

Ref. no. BUY2396

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.