A REAL GEM CAFE FOR SALE

Description

This cafe is well known as one of the busiest cafes on the North Shore, offering a prime business opportunity. This thriving business, successfully operated by the current owners for nearly six years, is now for sale due to their other commitments.
Situated in a prominent location with consistent customer flow, it operates seven days a week from 6:30am to 3:00pm Monday to Friday, and until 3:30pm on weekends.
Renowned for its top-quality barista coffee, the cafe averages a consumption of 30kg of coffee beans per week. With spacious seating for nearly 80 patrons both indoor and outdoor, it accommodates many daily regulars and group customers. The lease terms are favourable until 2031, with rent constituting less than 10% of sales revenue which contributes to the owner's higher income.
The rent review is capped at 5% every two years which is a strong advantage for the tenant. An average turnover shows between $22,000 to $23,000 per week.
Potential buyers are required to sign a Confidentiality Agreement form prior to receiving the business information and inspections are by appointment only.
The asking price is reduced to $495,000 plus GST.
For further details or viewings, please contact the listing agent Chris Park at c.park@barfoot.co.nz or on 021 273 3400.