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Palm Cove QLD 4879

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Floor area: 111m2
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"Cafe in Popular Tourist Hotspot"

Phone enquiries - please quote property ID 32651.
This thriving cafe and espresso bar has been running for 5 years in the heart of Palm Cove and is run by a family. Located primely in the popular tourist destination, only 50m from a beach and the main esplanade with its leisure activities, hotels and retail outlets, it is the perfect spot for stopping by for a locally roasted coffee, refreshing drink, some delicious Acai Bowls, breakfasts, toasties, wraps, pastries, cakes and fresh juices. The business currently operates seven days a week with trading hours of 6 am - 2pm although there is potential to extend the hours and incorporate more evening options due to the premises Liquor License.
The leasehold has three years left and can be extended, and the cafe itself is modern, clean and open plan with 111sq metres of interior space and a deck for alfresco entertaining.
The turnover in the last year was excellent more than doubling the previous year, so a new owner can be confident that this business has established itself as a viable and profitable enterprise, with plenty of growth potential. A person partnership or someone with a vision to maintain and take it further would suit, as basic cooking and prep skills and barista skills are required. It has current staff in place both part time & casuals.
The smooth running of the business is set up to transition easily to a new owner, with the option for the existing owner to provide training and show the processes in place for a hassle-free handover. Thanks to the established customer base in the Northern Beaches area, the current online social media profile and excellent reviews, it is the perfect opportunity for a new owner to take over the cafe and make it their own.
So if you are interested in this fantastic opportunity contact us to make an appointment to meet and chat.
Only serious buyers, no time wasters, please.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Details for Contact Agent For Address, Palm Cove

Building Type
Commercial
Floor Size
111m2

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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,787 properties. Over the last 5 years, Houses in Palm Cove have seen a 60.59% increase in median value, while Units have seen a 51.70% increase. As at 30 November 2024:

  • The median value for Houses in Palm Cove is $1,012,338 while the median value for Units is $530,754.
  • Houses have a median rent of $750 while Units have a median rent of $490.
There are currently 48 properties listed for sale, and 7 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Palm cove.

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