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The café was run under the current ownership for the last 2 years as a café and tea room. Due to ill health they have decided to close the business. The landlord has indicated there will be no issues with gaining an extension to the lease which currently ends 2022.
Annual rent approx $27,000. The café is 94sqm plus the use of the shared courtyard in the front of the café. The space in kitchen could easily lend its self to a bakery offering, but the kitchen equipment will need an upgrade.
This is a great opportunity for someone to get into business at a low price. Call me now for a viewing it will be sold quickly!
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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