CAFE CONGO NOW FOR SALE – PRIME LOCATION – EXCELLENT REPUTATION!

SOLD

Coogee NSW 2034

Food/Hospitality

BUSINESS FOR SALE

First time offered in 21 years, Cafe Congo has been established for over 23 years with the later been the owner for 21 years. It is situated in an ABSOLUTE PRIME BLUE CHIP POSITION on the Esplanade opposite Coogee Beach views to wedding cake island. There are only two shops on strip, and Cafe Congo is one of them! One of the best locations in Sydney.The business is busy all year round and extremely busy in summer. Research has showed that foot-traffic and tourists amount to around 30,000 people on a weekend in Coogee outdoing Bondi Beach. Cafe Congo is for a serious buyer ready to inject new life and ideals to an ongoing business.

In addition new bus routes are coming to Coogee Beach which will increase the tourist amounts even more! This very popular business still potentially untapped , as current owner CHOOSES to have minimal operating hours (Currently 7.00am – 4.00pm 7 days a week). The opportunity for new owner to open for evening meals will no doubt increase turnover even more. Also has agreement in place with chargeback facilities with Medina Coogee Apartments.

Cafe Congo seats 70-80 people (40)inside and out(40+). It is renowned for its all day breakfasts and great coffee. The business has excellent staff in place including chefs.



NOTE: Cafe Congo is profitable enough to have it managed, therefore an excellent investment.



All fixtures, fittings and equipment are included in the sale price. Main items as follows:-



Permanent approved Outdoor Weatherproof awning built by owner with lights and Bose speakers
Liquer licence pending
Wi Fi for customers
3x3 cool room
Brand New 1000lt Grease Trap
3 phase power in place
2 Deep fryers
6 Gas Burner
Vulcan Commercial oven
Brand New Goldstein Eswood Dishwasher
2 Brand New Microwaves
Woodson Toaster
Goldstein Gas griddle
Drink Fridges
Brasilia 3-group Coffee Machine /Grinder (we do around 12-15kg per week)
Warm Bain Maree
Table & Chairs

The premises are leased with good lease in place (5 x 5 years) and are fixed CPI rates. The ambience is excellent both inside and out. Decor has been customised with wall murals all around, creating a bright, cheery atmosphere. Inside is around 60m2 plus there is an additional storage room upstairs (approximately 12m2).

All in all, this is a READY-MADE business with nothing extra to spend. Plenty of potential to increase current turnover (which is around $700,000 per annum). Owner is seeking to semi-retire.

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