Ever watched a home renovation show and thought, "I could turn that around"? Well, here's the hospitality equivalent.
Cravings Café occupies a fantastic position on busy Ruahine Street in Palmerston North, just down the road from Palmerston North Hospital and alongside other health-related businesses.
With excellent road frontage, great visibility and convenient on-site parking, the location has plenty going for it.
The good news? The café already generates over $500,000 in annual sales, averaging around $10,000 per week.
The challenge? It's been operated under absentee ownership, and the costs and profitability aren't where they should be. It needs some love, attention and an experienced operator at the helm.
The opportunity? Buy at a price that reflects the current performance, roll up your sleeves and create some real value.
Here's what's on offer:
- Established café with annual turnover exceeding $500,000
- High-profile location on busy Ruahine Street
- Close proximity to Palmerston North Hospital
- Excellent on-site parking and neighbouring health businesses
- Opportunity to improve costs, operations and profitability
- Landlord open to initial rental relief to support a turnaround
- Asking price reflecting the current operation, not its potential.
This isn't a café for someone looking for a passive investment. It's an opportunity for an experienced, hands-on hospitality operator who can see the potential and knows how to unlock it.
The bones are good. The location is great. Now it just needs the right person. Think you've got what it takes to give Cravings Café the makeover it deserves?
Complete the confidentiality agreement, and Steve will be in touch. Copy and paste this link into your browser:www.ds4u.cc/abc?ref=37063
Price $75,000 incl. stock
Contact Steve Davey today - 027 257 6856.
