If you have been looking for a profitable, well-established and popular café that is the heart of a wonderful local community, then this is for you. Ideally situated in the bustling heart of Newcastle, Wheeler Place, Relish Cafe has a well-established local reputation for serving great coffee with and exceptional food. The café is busy all year round and not reliant on seasonal trade. with over 120 seats including indoor airconditioned and outdoor seating, this business is set up to trade well all year round. Almost all refrigeration units are brand new including a new condenser for the cool room and several new under bench refrigeration units and new ice maker. The equipment alone replacement value is over $150,000. There is an upper level with bathrooms, staff office and lockable main office. All computers, Pos equipment, staff and everything you need to get going is there.
With a great team already in place including head chef and manager and with the current owners not working in the business it provides a great opportunity for a new owner/investor to take immediate returns on this investment.
Currently open 7 – 230 7 days there is an opportunity to extend these hours and offer a nighttime menu boosting turnover and profit even further.
With a solid turnover of 1.1 to 1.2m right now, this business is set to explode with the coming summer months.
The Civic theatre provides year-round foot traffic along with the courthouse,Kingsley hotel, Tram stop all within walking distance.
Returns for a working owner
Turnover $1.1m
Rent $100,000
Outgoings $19,000
Staff $200,000
Food $300,000
Profit $481,000
