New Listing NEWPORT.
We are pleased to offer this popular coffee lounge, a local icon, for sale for the first time in the last 9 years. Located only some 100 metres to the beach.
Newport is just 5 minutes North of Mona Vale and renowned for its beautiful beach and village atmosphere.
Weekly Turnover $9800 on average over the year with winter months extremely steady and profitable.
Rent $1070 per week which includes a rear private courtyard seating section, a downstairs storage area and double car garage.
Profit to an owner operator approx $2300 per week after all costs and wages to employees.
A full roster of staff is available.The cafe operates with strong staff influence allowing the owners two full days off a week plus the owners are able to take holidays with the business continuing under management for 4-6 weeks each year.
Free council car parking directly behind the premises.
All the equipment and fit out are in excellent condition. Presentation is first class. A full list of assets is available. Nothing extra to spend in my opinion. The two group Cappuccino machine is owned outright which offers two bonuses to a buyer. One they own a substantial asset and Two it means the coffee kilo value is much lower than competitors assuring that the Cost of goods are 30% or less weekly!
The mouthwatering simple to cook menu provides Breakfasts and Lunches 7 days a week. No Deep Frying is done on the premises. The cafe serves Omelettes, Pancakes, all styles of Eggs as well as Toasted Paninis, Burgers , Wraps Gourmet salads.
There are 24 delicious GELATO flavours available.
Located in Prime main road position near the City Bus stop there is consistent busy early daily trade with a strong local following for their coffee and foods. 34 kilos of coffee sold on average per week. All invoices available for verification.
- Steady weekly turnover.
- Low cost of goods.
- Rent only 11% of Turnover.
- Good lease of One year and then two extra Three year options.
- Loyal capable and trustworthy staff.
- Owners have 2 full days a week off and have 4-6 weeks holidays each year.
- Genuine reason for sale after 9 years-Moving interstate with Children`s schooling up north being sought right now!
- Double lock up Parking on site with private rear entrance.
- Loads of storage.
- $219,000 plus stock. Priced to sell but slightly negotiable.
I welcome the chance of providing any serious buyer with all the relevant information.
- Current Status: Listed for Sale
- Code: PG 314
- Category: Food
- Type: Cafe
- Location: Newport
- Sales: $9,800
- Period: Week
- Net Profit: $2,300
- Rent: $1,070
- Stock: $4,000
- Price: $219,000
- Long Financials: Owners records BAS available
- Staff: Barista cooks casuals
- Lease: 7 years