Is this Hobarts Best Cafe? Net Profit $217,893 (2022) Under Full Management

TAS
Hospitality
This one-of-a-kind Fully Managed cafe currently shows an annual Net Return to the current owners after all expenses of $217,893.
Asking Price: $640,000

About the opportunity

The current owners have not been involved in the café operation for many years and monitor the café and team via team chats, Zoom catchups, group messaging and email. runs under full management with next to no input from the current owners.

Sales revenue for 2022 was $870,632. Current sales are in excess of $18,000 per week. This revenue has been extremely consistent over the past few years and is on track for more record sales. Current Coffee sales exceed 55kg per week.

The business is located in the best part of Hobart and has a 5 year lease in place with 4 additional 5 year options giving you security for the next 25 years. This amazing location also has cheap rent at only $25,352pa.

This well-known Tasmanian business runs like a well-oiled machine. The cafe dominates the local market with its sustainability ethos, good healthy food, exceptional coffee, and excellent service.

Established Cafes under Full Management of this calibre rarely come onto the market. This highly profitable business will not last long. This is a very rare opportunity to purchase a business this successful that is so passionately supported by the community and generates solid revenues and above-market profit.

Key Points

  • Fully Managed Net Profit to Owner $217,893
  • Sales are currently over $18,000 per week
  • Low rent at just $25,352 pa on a long-term 5+5+5+5+5 lease.
  • Run with a management team in place and a passionately committed long-term crew of employees
  • 55kg of café coffee sales per week
  • Quality Plant and Equipment

 

Morgan Business Sales Tasmania – # 597

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