That Place On Sturt Coffee Shop & Restaurant

AU$240,000
March 29, 2017

Description

Business Overview
That Place on Sturt is a is coffee shop/restaurant located at 256 Sturt Street, Townsville City. The business has been established for over 4 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 and is also open for dinner and dessert on Friday and Saturday nights.

Functions
Towards the back of the premises is a separate large air conditioned function area with BYO bar which is used for live bands, weddings and other celebrations.

Unit
Above the coffee shop/restaurant is a 1 bedroom unit which is currently being advertised on AirBnB. This is a secondary income stream for the business or could easily be tenanted by the new owner.

Hours
The business currently trades:

  • Monday – Thursday: 7am to 3pm
  • Friday & Saturday: 7am – 10pm
  • Sunday: 7am – 3pm

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 has construction planned to begin in 2017.

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

  • Well established business
  • Main road frontage with excellent exposure
  • Fantastic social media presence (4,900 followers on Facebook)
  • Attractive fitout and furnishings
  • Unit above the business provides a second income stream
  • 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 car parking

Business Price
That Place on Sturt is being sold on a walk in walk out basis for $240,000.

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