Local Favourite Café - Over 20 years of trading history

Up on the market for grabs is Bay Espresso Karamu Road, a very long-term and well-established business in Hastings. The business has only changed hands three times in the last 20 years. You will have a solid local brand name supported by many locals and tourists. Situated on the extended Karamu Road North (SH51) with numerous vehicles in and out of Hastings daily, the café takes advantage of free traffic. With little to no competition, this gem is ready for somebody to bring it to the next level.

This is a private sale and is listed by the owner. Pricing is reasonable and not inflated by any salesperson. The main reason for selling is I’m in a contract with a restaurant out of town. Selling the cafe will free up my capital and make the contract unconditional.

Key summary:
- Good turnover of over 600,000 FY2024, despairing the effect of Cyclone Gabriel on the region
- Ultra-low rent at around just 4% of the turnover. All other cost is well controlled.
- Lots of room for growth such as adding liquor license, providing catering, adding online channel, extending trading hours
- Strong local brand with lots of regular customers

A generous handover process will ensure you are the next successful café operator. If you need more information, hit the button and contact me directly.

[Update 1 - 20/08/2024] The business is currently under contract, and the buyer is working to meet the conditions. There is also a backup offer. I welcome any inquiries, but I am not considering any more offers at this stage.

[Update 2] The sale is now unconditional.

Thank you, everyone, for your interest. The listing will automatically expire.