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Sold $98,000

Well-Established, Over 1 million pa. Income, Profitable, licensed & Under management Cafe in leafy near city suburb (Perfect for Visa 188A)

Short Summary

Under mgt, high turnover, long established & profitable café in a near city location surrounded by affluent suburbs & perfect for 188a applicant

Key Selling Points

Under Management
As close to Passive Income as you can get!
Low Overheads
Cashflow Positive
Cash Cow!
Long term Management and Staff in place
Strong year to year Sales
Strong year to year Profits
Simplistic business
Clean business
80% Repeat Work
Proven trading through Covid

This is a highly attractive café, bistro and bar offers an outstanding menu with delicious offerings that have created a strong and growing customer base.

Situated in a high demographic inner city suburb, in a cluster of hospitality venues in a small popular shopping centre, this café offers continued growth opportunities.

Established by the present owner in 2017 by partnering with a café franchisor. And now is the time for the owner to dissociate with the franchisor and sell the café business as an independent non-franchised business. The owner is undertaking a de-franchisation process and is the direct lessee of the tenancy agreement, consequently the detachment from the franchisor will be quite simple.

Key aspects of the business is its high turnover of gross sales of around $22,000 per week with good profit to an under management owner who is reluctant to offload due to exigency matters to attend overseas. Therefore, the business is selling with below market price via WIWO (Walk in Walk out).

The owner will assist to negotiate a new lease for the buyer, training and provide input to build a new set of menu.

This business will be perfect for Visa 188a applicants.

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

Asking $98,000 + SAV

Ref. no. BUY2100

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CONFIDENTIALITY AGREEMENT. Interpretation: (a) "Recipient" means the party referred to in this Confidentiality Agreement and includes all parties described in any Items Schedule and/or Contract of Sale, and/or Heads of Agreement, and/or Purchase Agreement, and/or Deed, and/or any Agreement which results in the Recipient, and/or heirs, and/or executors, and/or administrators, and/or successors and/or assigns either directly or indirectly having any consideration and/or interest in the Business and/or Property (hereinafter referred to as "Agreement"); and in the event the Recipient uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Recipient shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. 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(3) In the event of my/our making any disclosure to any employee or third party, I/We undertake to procure that such employee or third party prior to such disclosure agree to be bound by the terms of the Confidentiality Agreement in writing prior to disclosure of the Confidential Information or any part thereof and a copy of such written acknowledgement shall be filed with the Agent immediately prior to such disclosure. (4) In the event that after consideration of the Confidential Information, I/We do not purchase or make an investment in the Business/Property, I/We will forthwith return the said Confidential Information together with any copies, notes thereof (or any part thereof) or any documents containing extracts reproduced there from made by or on behalf of us, and delete all electronic records. Furthermore, I/We will maintain the confidentiality of such information and not use the same for any purpose. 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Property Features

Henry Chow

0421 040 857

Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!

Well-Established, Over 1 million pa. Income, Profitable, licensed & Under management Cafe in leafy near city suburb (Perfect for Visa 188A)

Confidentiality Agreement

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Property Features