That Place On Sturt Cafe – Townsville CBD

AU$165,000
July 4, 2019

Description

Business Overview
That Place on Sturt is a cafe and coffee shop ideally located at 256 Sturt Street, Townsville City. The business has been established for over 7 years and caters for 45 diners inside the premises and another 24 diners in the courtyard. The business is open 7 days a week for breakfast and lunch.

Income Streams
The business has the benefit of having various income streams from the one premises, including:

  • Cafe and coffee shop
  • Fully air conditioned function room at back of the cafe used for events such as birthdays, weddings, live bands, engagements, office parties, meetings and photo shoots
  • Permanent booking for dance lessons twice a week in function room
  • BNI business group meeting every Friday
  • 2 x 1 bedroom apartments above cafe rented through Airbnb (one of these could be used as a residence for new owner)

Hours & Employees
The business currently trades 7 days a week from 7am to 3pm. It also opens on public holidays from 8am – 2pm. The owner works full time in the business and employs 11 casuals and 1 permanent part time employee.

Location
That Place on Sturt is located in the heart of the Townsville CBD on a busy main road with excellent exposure. There is ample paid car parking directly in front of the business. That Place on Sturt has the advantage of being next door to Event Cinemas and it is also in close proximity to the new North Queensland Stadium which is schedule to be completed in 2020.

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

  • Well established business
  • Multiple income streams
  • Main road frontage with excellent exposure
  • Close to new Townsville Stadium
  • Fantastic social media presence (over 5,300 followers on Facebook)
  • Attractive fitout and furnishings
  • Unit above the business could be used as accommodation for new owner (or continued to be rented our on Airbnb)
  • Popular venue for live music acts
  • BYO alcohol
  • Excellent reputation with loyal repeat customer base
  • Room to increase the number of functions being held
  • Ample on street car parking
  • 3 designated car parks behind function room

Business Price
That Place on Sturt is being sold on a walk in walk out basis for $165,000 (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 on susan@beyond2000.com.au

Location