This cafe is situated in a highly visited area for tourist’s, families and catering to the surrounding businesses and workers, with very limited competition nearby. With professional and dedicated staff, as well as several department heads and chefs, they have earned a stellar reputation and numerous glowing online reviews. The numbers speak for themselves about the success rate for this cafe.
Gross profits margins for this business are in the region of 70%+ — Net profit for 2023 – $651,000
However, what is most exciting about this business is the potential it holds for future owners/investors:
- Long lease with a 10 year option
- Extended operating hours to include dinner
- Securing a liquor license or charging for corkage (currently no corkage fee)
- Including a takeaway menu which would be highly advantages in such an iconic location
- Providing catering to events in the area – high likelihood of success given the limited other hospitality venues in the area
With all that untapped earning potential front of mind, contact Jim Goodwin to speak further about this opportunity.