Profitable Cafe, Good Returns _ Freehold Available
Listing: #20260Therese Bailey
Broker | Waikato

About this Business for sale in Waipa
Profitable Cafe, Good Returns _ Freehold AvailableQuality-driven cafe with a warm, inviting atmosphere, located in a prime main street location in Cambridge.
- Well supported by locals and the many visitors to this thriving town.
- Trades consistently increasing year on year sales.
- Weekly sales over $17,000 incl gst
- Lease $936 plus gst per week, $48,000 per year plus outgoings
- All food is made onsite in a well appointed kitchen with plenty of storage areas
Seating for 50 people with a variety of seating options available including a lovely courtyard to escape the hustle and bustle of the main street, with umbrellas overhead this makes a lovely setting to enjoy meal
Current owner is working approximate 20 hours per week in the business with a manger in place so it would be an advantage to a working couple to trim the wages bill.
This is a fabulous opportunity in the Hospitality Industry. Cambridge (20 mins from Hamilton) is booming in population at the moment so don’t miss this opportunity.
Asking Price:
Business: $280,000 plus stock plus gst (if any)
Freehold: $595,000 plus gst (if any)
Freehold Going Concern: $875,000 plus gst (if any)
Freehold will not be sold prior to business settlement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.