Iconic, Well-Established, Profitable, Fully-Licensed Cafe

Industry: Professional - Internet, Professional - Property/Real Estate, Professional - All, Professional - Brokerage, Technology - Online Services, Professional - Internet, Professional - Property/Real Estate, Professional - All, Professional - Brokerage, Technology - Online Services | Listed by: No Agent Business


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About the business

Phone enquiries - please quote property ID 29051.

Serving breakfast and lunch in the growing suburb of Gordon on the North Shore, this cafe is now looking for its new owners. The business has been in operation for over 40 years, and its current owners who have operated it for around 8 years are now looking to move on to other ventures. The business enjoys high profits and has survived through and bounced back after Covid lockdowns.

This café would be ideal for an existing hospitality owner or someone experienced with operating their own business, and training offered by the current owners (if required) will ensure a smooth transition. The new owners will take on a well-established business, with the lease to operate the café, along with the onsite assets and the business name, including domain and website titles.

The business is located in a busy and long-standing shopping centre in Gordon adjacent to the train station. There has been an increase in development in the area in recent years and this has seen new customer flow in recent months due to increased population growth in the area. The café itself holds a prime location in the shopping centre as it provides immediate access from the carpark and all foot traffic walks directly through the café upon entry to the shopping centre.

Further growth opportunities are available to discerning buyers should you wish to invest in the business, with opportunities in catering, supply chain enhancement, online ordering, and the possibility of extended hours. The business already has an online presence, but a tech-savvy buyer could expand upon this further.

Included in the sale:
- Processes and systems that have been in place and effective for a number of years
- Existing, competent staff, who are long-term and well-trained
- Lease (until 2028) in a great and well-known location
- Goodwill from a large existing customer base
- Website and Facebook profile
- Fully licensed

The business is quite large and will require some investment from the new owner, as oversight is a must. However, the pay-off would be generous as this business brings in great profits, and has many repeat customers, as well as continuous new customer flow. It could also eventually be run under management should you wish.

The business is very well established and well known in the local area due to its long history. Get in touch to find out more!

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
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Asking Price:
$450,000
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Advertiser Details
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Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

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