57 Yappar StreetKarumba QLD 4891
Property Details for 57 Yappar St, Karumba
Last Listing description (February 2013)
CAFE/ BAKERY - MONEY AND LIFESTYLE.
Talk about a resource and mining boom. Have a look at this little gold mine. Current owners have exposed the virtues of owning and operating a small business in the beautiful Gulf of Carpentaria in the Port Township of Karumba. Business is still growing with an outside patio/deck area being constructed to hold all the patrons, whom consume copious amounts of great sweet pastries and gourmet pies washed down with the best coffee for hundreds of miles around.
The core business is based on a long established bakery with a reputation for quality and service. The best fundamental within this business is the fact that there is no local competition from other bakeries or large retail chain stores. This coupled with a massive increase in customers during the tourist season and normal activities during the wet season. This business allows an owner operator to make a buck when it's busy and kick back and catch some mud crabs and famous barramundi when you can. There are other avenues for business growth with the increase in mining activity in the area.
Exclusive Agent holds P&Ls and P&E List. A confidentiality statement will need to be signed prior to release of business figures and assets.
Property History for 57 Yappar St, Karumba, QLD 4891
- 23 May 2012Listed for Sale 270000
- 29 Mar 2004Sold for $155,000
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About Karumba 4891
The size of Karumba is approximately 136.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karumba in 2011 was 587 people. By 2016 the population was 522 showing a population decline of 11.1% in the area during that time. The predominant age group in Karumba is 50-59 years. Households in Karumba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karumba work in a labourer occupation. In 2011, 50% of the homes in Karumba were owner-occupied compared with 57.4% in 2016.
Karumba has 410 properties. Over the last 5 years, Houses in Karumba have seen a 4.74% increase in median value, while Units have seen a -4.36% decrease. As at 31 October 2024:
- The median value for Houses in Karumba is $157,178 while the median value for Units is $288,166.
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