$1.5Mil Turnover Cafe with Great location in Penrith

Price: $680,000 Location: Western Sydney, NSW Ref: 4908002
Agent:
Jp Sinh
Agent Phone:
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Business Headline :
$1.5Mil Turnover Cafe with Great location in Penrith
Price :
$680,000
Category :
Franchise, Food/Hospitality, Retail, Cafe/Coffee Shop, Food/Beverage
Full Description :

Chance of life style 

The Coffee Club celebrates almost three decades of really good food, great service and excellent coffee.

If it wasn’t for an appetite for coffee it may never have happened! In 1989, Brisbane City, founders Emmanuel Kokoris and Emmanuel Drivas cruised Brisbane late one night in search of a decent coffee, and came up empty handed. This disappointing experience inspired them to seize the opportunity, so they formulated a plan to take the world by storm – a coffee storm – now affectionately known as The Coffee Club.

Their lightning bolt idea was to create more than just somewhere for people to meet for coffee; it would be more casual, comfortable yet sophisticated, stylish yet affordable. This untapped need in the Australian hospitality market was all about to change.

Stepping onto the scene in 1990, flamboyant new director John Lazarou spearheaded a targeted marketing plan aimed at putting The Coffee Club front and centre for the world to see. The brand grew exponentially, focused on not only providing a great place to meet, but to be a brand that contributes to and involves the Australian community, year after year.

Since opening its doors in Brisbane in 1989, The Coffee Club has become Australia’s largest home-grown café group with approximately 400 stores throughout 9 countries, with upwards of 40 million dedicated customers. 

This store in the Penrith district is currently experiencing a 20% sales growth, and a 14% traffic increase. The store was refurbed in 2018, so nothing to spend on the fit out. 

There is 5.5 years left on the lease, and is located strongly in a corner location with some 50 seats internally, and 40 seat externally. The external area is also heated and protected from the weather. 

The business is continuing to show strong growth, and will do so with the approval of 2000 units within 500 meters from the retail precinct. 

The business is operated by a family and would suit some energetic people who want to manage the growth and continue to provide excellent quality and service to their loyal customers. 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4908002#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4908002#enquire-now

Annual Rent : $160,000 - Weekly Rent : $3,077

Annual Turnover : $1,560,000 - Weekly Turnover : $30,000

Annual Gross Profit : $1,092,000 - Weekly Gross Profit : $21,000

Annual Ebit : $144,500 - Weekly Ebit : $2,779

Premise : Leased

Lease Commencement : Jun 2018

Lease End : Nov 2024

Current Outgoings pa: $37,500

Total Floor Area : 150 Square Metres

Total No of Parking : 350

Franchise : Franchise Resale

Franchise Royalties : $109200

Approximate Stock Value : $17,000

Year Purchased : 2011

Year Established : 2011

Days Trading : 7

Staff : 3 Full Time - 24 Casual

Staff Salaries : $465,000

Property Url : www.coffeeclub.com.au

Reason for Sale : Moving on

Location : Western Sydney

Business Potential : 2500 units have been approved for building within 500 meters of store

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