Lo’Anas Cafe & Snack Bar – Hermit Park

AU$295,000
August 25, 2017

Description

This very profitable, busy and easy to run cafe will enable you to benefit from the beautiful lifestyle opportunities Far North Queensland has to offer. What more could you ask for?

Business Overview
Lo’Anas Snack Bar is a bustling cafe situated in a prime location within the Hermit Park Shopping Centre on Charters Towers Road, Hermit Park. The very popular business is known for its outstanding customer service and has been owned by the vendor for 7 years. The air conditioned cafe caters for 30+ diners and has a strong loyal, repeat customer base.

Woolworths is the anchor tenant in the Hermit Park Shopping Centre and with Lo’Anas Snack Bar being positioned in the main walkway of the centre, a very high level of walk by traffic from shoppers is ensured. The shopping centre is in a central suburb and very close to the V8 Supercars and the new stadium development. In addition to Woolworths, other retailers include Prices Plus, BWS Liquor, Green Joe Wok & Sushi, newsagency, pharmacy, pattiserie and hair salon.

Menu
The ‘fresh homestyle cooking’ style menu is full of mouthwatering meals such as:

  • Sandwiches
  • Burgers
  • All day breakfasts
  • Sweets – cheesecake, tarts, scones, etc
  • Meals – fish & chips, quiche, spaghetti, chicken parmy, etc
  • Roasts
  • Soup
  • Hot and cold drinks

Employees & Hours
Lo’Anas Snack Bar currently trades the following hours:

  • Monday to Friday: 8am – 5pm
  • Saturday: 8am – 2pm

The vendor works 15 hours in the business and engages the following fully trained casual staff with excellent barista skills:

  • 2 x shop assistants for 32 hours per week (with 1 acting as the manager when the vendor is not working)
  • 1 x shop assistant for 20 hours per week
  • 1 x shop assistant for 15 hours per week

The vendor advises that the business could easily be operated by a husband and wife team with 1 casual.

Profitability
With the vendor only working 15 hours per week, the business is achieving a return on investment of 41%. If the new owner worked a standard 40 hour week and reduced wages to reflect this, they could expect to be earning a return on investment of at least 53%.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Very well established and well known cafe
  • Return on investment of 41% with the owner only working 15 hours a week!
  • Possibility to be achieving a return on investment of over 53% with the new owner working full time
  • Located in a bustling central shopping centre with Woolworths as the main tenant
  • Ideal high profile main walkway position within the shopping centre
  • High levels of walk by traffic
  • Strong repeat and loyal customer base
  • Strong level of coffee sales
  • Perfect business for a couple or family
  • Equipment and fitout are in good condition
  • Easy to operate
  • Fully trained experienced employees with excellent barista skills
  • Excellent marketing program provided by landlord (website and Facebook)
  • Independent cafe (not a franchise)
  • Good lease in place with affordable rent and no compulsory fiouts
  • Security system
  • Off street parking

Business Price
Lo’Anas Snack Bar is being sold on a walk in walk out basis for $295,000 (neg).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Margaret Butler – 0419 664 349 or margaret@beyond2000.com.au
  • Susan  Butler – 0419 905 463 or susan@beyond2000.com.au

Location