Close To $1.3 Million Annual Sales, Under Management, Long Established & Profitable Cafe In Bryon Bay
Short Summary
Based in the buoyant tourists hub of Bryon Bay, this long standing, under management, profitable & recession-proof cafe is a gem of the bay area.
Key Selling Points
- Under Management
- Passive Income
- Recession proof
- Low Stock requirements
- Low working capital requirements
- Cashflow Positive
- Cash Cow!
- Non-hands on Owner
- Long term Management and Staff in place
- Strong year to year Sales
- Strong year to year Growth
- Strong year to year Profits
- Long Term Lease in place
- Simplistic business
- Clean business
- Best Location
- High foot traffic location
- High visibility location
- Ideal for 491 Visa
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 0421 040 857 | Amy Wan 0498 229 813
Asking $695,000 + SAV ($5,000)
Ref. no. BUY2379