Summary
Established cafe for sale. Suburban location surrounded by locals. Steady trade and income from cafe operations with huge potential for increase thanks to a General Liqour License.
Revenue
$245,088 pa
Rent
$25,200 pa
Expenses
$177,268 pa
Net Profit
$42,620 pa
Location Details
105 Skene Street, Shop 1
Situated in a well established, high earning and desnely popuated neighbourhood. Close to several schools and major roads, with high traffic at drop off and pick up times. Ample street parking available.
Potential
Currently averaging roughy 20% growth with a General on and off-site Liqour License giving huge potential for more. The perfect location to fill the need for a local bar/restaurant the locals are hungry for.
Skills
Strong hospitality skills will be a benefit to you, training and support can be provided on request.
Hours
Currently operating Tuesday-Saturday 8am-2:30pm, Sunday 8am-1pm. Licensed to open 7 days from breakfast to dinner.
Lease
Currently on a month to month lease with a new 5x5x5 lease to be signed.
Employees
Currently owner operated with 4 regular employees, no guarantee that employees will continue on
Reason for Sale
After suriving and growing through COVID and achieving the goals that were set on taking ownership in Jan 2019 allowed for a reevaluation of career, life and health goals leading to the decision to sell and start exploring other options.
About the Business
A local suburban cafe providing sit down and grab and go food, coffee and alcohol (if legal to do so) to a range of customers from school age right through to retirees. Located in a one of a kind building in one of Geelong's most affluent suburbs.
Currently operating with a strong consistent base of regulars and a 20% growth rate for 2023, this cafe is the perfect opportunity for the right operator to fill the gap and need in Newtown's hospitality scene for a small wine bar/restaurant and tap into the massive potential.
All of the equipment is owned outright and included in sale including ~$20,000 custom La Marzocco 2 group Linea PB which has recently undergone a major service, 2 Mythos 1 grinders, fully fitted out kitchen and dining area, website and large social media following and all Intellectua Property. No lock in contracts with any suppliers so you can choose to stay with existing or use your own suppliers.
History
Operating since mid 2017, with the current owner taking over in Jan 2019, Newfolk has been operating for 7 years with steady growth across that time (excluding COVID). Success has been measured by providing high quality and consistent service to customers day in day out and seeing an increase in our regular customer base month on month. We see more room for greater success in the business' future thanks to successfully gaining a General Liquor License for on and off site alcohol consumption.
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