PRD Laurieton 68 Bold Street, Laurieton, NSW 2443 02 6559 9400
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12 Lake Street
laurieton
NSW, 2443

SOLD

Sold for $70,000

Dreaming of your own Coffee Shop?

One of Laurieton's most successful and popular coffee shops, Grounded Espresso Bar, is now available for sale.

Having been built by the current owner from the ground up in 2016, this is a highly successful business in a busy traffic area with significant passing motorists and plenty of available parking.

Situated on the corner of Seymour and Lake Streets, the ground floor premises house a popular Melbourne style café for those who want their coffee takeaway, and for those who want to settle in and spend some time with friends in one of the multiple seating options available on the grass or outdoor decks. When its raining, they'll enjoy the boutique indoor seating. Offering light food, excellent coffee and scrumptious treats, your customers will love the friendly nature and hip vibe that comes from this business.

The current owner has recently obtained a liquor licence which is being sold with the business and opens up an excellent opportunity for further business growth, capitalising on beer, wine and cocktail sales (licence condition that food must be served with alcohol).

This is a profitable business with huge potential for growth, currently only operating from 7am-12pm 6 days per week. Longer hours, and opening on Sundays, along with the inclusion of the liquor licence for evening opportunities mean that the sky is the limit with where you can take this business.

Being offered for sale on a Walk in Walk Out Basis for just $80,000 (which includes approximately $20,000 in plant and equipment), you will not find a better hospitality/café opportunity on the Mid North Coast at present. Considering the plant and equipment value included and current stock, your firsts year's net profit should exceed the purchase price (based on current figures of the business being maintained).

This is a motivated seller, and serious offers will be considered. Don't look back and say "I should have".

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.

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About laurieton

median House price

850000

suburb growth

6.6%

median House rent

570

suburb rental yield

3.5%
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Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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