Annex Cafe - Glenelg SA

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3 Waterloo Street, Glenelg 5045 Glenelg, South Australia, Australia

17 1151
$120,000
G1N42J1N2A5
4 months ago

Highlights

  • High-quality cafe with coffee and beverages
  • Various seating options
  • The menu caters for dietary needs
  • Away from primary street traffic
  • Daily newspapers and magazines to read
  • In Adelaide's most visited seaside location.

Overview

The Annex Cafe is located at Glenelg, South Australia's premier beachside suburb and tourist attraction. The business has been operating since 2012.

 Income is mainly generated from the sale of food and beverages, including a wide range of coffee. Plus, sales of artworks, earrings, masks & cards are all sold on consignment.

 The business is well known for its high-quality coffees and beverages.

The capacity of the premises is 32 people inside and 33+ outside and operating hours are Monday to Friday, 8.00 am to 3.00 pm, Saturday 8.30 am to 3.30 pm & Sunday 9.30 am to 2.30 pm over winter and until 3.30 pm during summer.

Business Details

The business has an income base that includes the following:- 

  • Sale of coffees and various beverages
  • Food – Breakfast, Lunch,
  • Sale of Blend beans
  • Artworks and other gifts.

The business can be operated with a small support team or run under management.

A number of improvements have been carried out to the premises and business in the last few years.

The customers for the business include:-

  • Local residents;
  • Business people within the precinct;
  • The many tourists that visit Glenelg and Glenelg beach;
  • Shoppers.

The sale includes the leasehold business, plant & equipment, furniture and fittings, Facebook & Instagram pages, business name, goodwill and a customer base built over 12 years.

This includes assets and plant and equipment valued at $72,750.

A long secure lease will be part of the sale transfer.

Handover assistance will be provided for a new owner for up to 2 weeks and then phone assistance for eight weeks.

The present owner has had the business for five years and is ready to retire.

It is time for a new owner with skills, attributes and passion in the industry to take this business further and benefit from the COVID situation recovery.

There is an exciting future for the Annex Cafe, all that visit loves it.

It is unique, different and is known as one of the hidden gems of Glenelg.

 

Information Memorandum Availability

View the 'Information Memorandum' for more detailed information and next steps  - Click here to read

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Business Location Adelaide, South Australia, Australia

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