Ad ID: 69240

Cafe/Restaurant for Sale Cambridge

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

Location:
Asking:
$400,000
+SAV +GST if any

Business for Sale Description

Cafe/Restaurant for Sale Cambridge

Cambridge is New Zealand's most liveable town. Rapid growth suggests 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 is located right in the centre of Cambridge – yet has 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.

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

Business Resources

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.

Interested In This Opportunity?

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For more info
Contact:

Adrian Chisholm

021 727 888
Tourism Properties.com
Licensed REAA 2008
Broker Ref: 60314

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