Business DescriptionAn opportunity exists for an owner/operator to take over this prime position in Raine Square - directly opposite Coles and under the Palace Cinemas. Other neighbours include the Royal Hotel, Louis Vuitton, and Kailis Jewellery; with Tiffany's about to open.
There is a good level of foot traffic from train commuters to the city via the Raine Square exit.
You can choose to RE BRAND THE SITE or continue operating under the Cocolat Franchise system, which prides itself in providing decadent desserts and award-winning coffee.
The sale price includes the fit-out and the most of the operating equipment (valued at over $500,000). Full details will be provided to serious enquirers.
The Cocolat cafe has been open for just over 12 months and is still developing to its full potential. It is operating as a Corporate Store and is currently taking resources away from our growth strategy, which is why the cafe is on the market.
Current gross rent is $12,322.92 plus GST per month. This includes Outgoings and Promotional Levy.
There is still nearly 8.5 years left on the lease term, which gives plenty of time to achieve a return on your investment.
Sale Price $125.000 NEGOTIABLE (Expect to comfortably recoup your investment in the 1st year)