Tide Cafe & Catering Townsville – 60% ROI!

AU$415,000
November 19, 2019

Description

PRICE REDUCTION TO $415,000! Partial vendor finance available to suitable applicant.

This is an amazing opportunity exists to purchase a fully managed, very popular cafe in the Gregory Street dining precinct with a return on investment of 60%!!

Business Overview
Tide Cafe & Catering is located close to the Strand beach at 46 Gregory Street, North Ward, Townsville. The business was established by the vendor in 2014 and has been run as a fully managed operation since early 2018.

The business drives itself on premium quality coffee locally roasted here in Townsville and made consistently good every day with the added pleasure of a fresh high quality modern café menu & food delivered to your table fast. Currently 40-50kg per week of coffee beans are poured. A full breakfast and lunch menu is offered by the cafe, as well as a competitive catering service with a wide range of selections including cold meat and salad platters to hot food and coffee. Tide Cafe & Catering is fully licensed to sell alcohol on the premises.

Facilities
Tide Cafe & Catering has a permanent undercover outdoor area which seats 55 people. This area can be expanded with added tables if required, The indoor area is air conditioned and seats 20 people comfortably. This can also be rearranged to cater for more people for private functions. The kitchen equipment is only 2 years old and in great condition. The tenancy includes new external cold room, male and female toilets, as well as two  rear car parks for deliveries, etc. There is additional on-street parking for customers directly in front of the business.

Profitability
An owner operator would earn a return on investment of 60%.

Employees & Business Hours
Twelve employees (4 x full time and 8 x casuals) are engaged by the business. Tide Cafe & Catering currently trades:

  • Monday to Friday from 5.30am to 3.00pm
  • Saturday & Sunday from 5.30am to 2.00pm

Awards & Social Media
Since 2014, the cafe has achieved the following online and within the marketplace:

  • Voted Townsville’s Greatest Café on 4TOFM
  • Voted Townsville’s Best Breakfast & Coffee in Townsville Bulletin
  • TripAdvisor Certificates of Excellence Awards 2017, 2018 & 2019
  • Australian Good Food Guide Readers Choice Award 2017 & 2019
  • Facebook following of 3,650 people
  • Instagram following of 1,550 people
  • New modern website

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

  • Very well established cafe
  • Fully managed operation
  • Return on investment of 60%
  • Excellent branding with a loyal repeat customer base
  • Ideal location near The Strand in Gregory Street precinct
  • High quality food is served
  • Strong coffee sales (40-50kgs of coffee beans per week)
  • Winner of multiple awards
  • Fully licensed to sell alcohol
  • Long term lease expires in 2029
  • Lease allows for trading at night
  • Strong social media presence
  • Kitchen equipment is in good condition

Business Price
Tide Cafe & Catering is now being sold for $415,000 plus stock at valuation (was previously $495,000).

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:

  • Susan Butler – 0419 905 463 or susan@beyond2000.com.au

Location