Coco Cubano Coral Sea Coast-Whitsunday Region QLD (Ref # 1518)
Turnover $1.3M pa per annum (Ex GST) (approx.). Net to 1 owner $191K pa (approx.). Established during 2014. Good lease plus a 5 years option. Good rent deal. Great ‘Sea Change’ opportunity.
ABOUT THE OPPORTUNITY
This business is a vibrant slice of Cuba in the Coral Sea Coast-Whitsunday region of Queensland and is essentially a restaurant, café and bar serving Cuban-inspired cuisine. The casual indoor and alfresco setting gives one the feeling of being in downtown Havana. It offers a simple yet exotic menu, which includes a Breakfast Menu and Lunch & Dinner Menu.
The Breakfast Menu includes familiar dishes like Smashed Avo, Mushroom Omelet, Waffles, and Classic Bacon & Egg Burger, and also includes latininspired variations, such as Havana Feast which contains grilled chorizo, and three types of Eggs Benedict including ‘Cuban Benny’ which contains slowcooked pulled pork.
The Lunch & Dinner Menu includes dishes such as Tapas, Quesadillas, Tacos, Fajitas, Cuban Pressed Sandwiches, Burritos and Mains like Cuban Ropa Plate, along with fusion meals such as Cuban Surf & Turf, and Cuban Loaded Schnitzel.
The business prides itself on brewing its own Coco Cubano blend of exceptional coffee with freshly roasted first-class beans from Paradox Coffee Roasters.
The drinks menu also includes hot chocolate and Mocha made with decadent pure melted chocolate, and a broad range of cold drinks including a range of freshly squeezed juices and fruitblended granitas. There is a festive list of cocktails including Sangria a range of crafted Mojitos and Margaritas. The drinks list also includes Latin American beers, craft beers, cider, and white & red wines.
The business is very simple to run as the franchisor support includes marketing, new product development & corporate image.
The premises is located in a high profile, street front position in the restaurant and café hub of the town. The store has 180 degrees exposure to the footpath and street. The large footpath dining area is covered from sun and rain by the building’s awning, and also faces East and receives a sea-breeze most afternoons.
Some of the nearby businesses to the premises include The Coffee Club, a Mexican restaurant, Hogs Breath, various cafes & restaurants, a real estate agency, helloworld Travel and Escape Travel.
Coco Cubano was created by Tony & Avril Melhem during 2006 when they fell in love with Cuba’s electric and indulgent culture which spawned the Mojito, the Salsa, Buena Vista Social Club and Havana Club Rum.
The growing group already has stores in New South Wales, Queensland, Western Australia and overseas in Pakistan.
Asking $495,000 + SAV.