Listing #:1535111654

High Performance Waikato Café business for Sale

Location: Waikato
Locals would claim that Cambridge is New Zealand's most liveable town and its rapid growth would suggest that the rest of the world has worked it out.

Cambridge prides itself as the "Town of Champions" and Absolute Coffee House is a champion cafe.

Absolute Coffee House is located right in the centre of Cambridge – yet benefits from a peaceful setting and delightful private courtyard.

The handy location, welcoming fitout, quality fare and ample free parking make this the go-to café in town.

A comprehensive commercial kitchen serves approximately 60 guests indoors, and a further 80 in a delightful private courtyard.

The Café operates Tuesday to Saturday 8.30-4.00, Sunday 9.00-3.00 and closed Mondays. There is also a significant out-catering business.

With a regular clientele, including significant corporate patronage, the Café shows year on year growth in both turnover and profitability. FY2017 operating surplus was $138,000 and this is projected to increase this year as turnover has grown again, currently averaging $16-17,000/week.

New owners could also consider a 7-day operation, and/or a dinner service – the demand is certainly there.

The lease is to 2028 with correct rent (just reset for the next 2 years). Full financial disclosure is available to qualified enquirers.

This is a fantastic opportunity for new owners to benefit from an established reputation and key location in a fast-growing metropolis.

Leasehold Interest: $400,000 +SAV +GST if any

Agency reference #: 61014
Asking price: $400,000
Listed: Fri 2 Feb, 1:01 pm
Malcolm Teesdale
TourismProperties.com
  • Contact details
  •  (027) 5308738

Advertisement

Agent's details

Malcolm Teesdale
  •  (027) 5308738
TourismProperties.com

Email the agent

Log in or register to email the agent.
Expires: Mon 22 Oct, 12:14 pm
Page Views
2066