Louis Baxters Can Now Be Yours!
The space is filled with ambient, funky tunes emanating from Sonos Speakers positioned thoughtfully throughout the interior, a large mural by Anya Brock adorns the wall, Scandinavian cone-shaped pendants provide the tables with an abundance of soft light, the cafe comfortably seats 29 people, has a small commercial kitchen, air conditioning, a TV plays the morning news and it offers a treasured selection of newspapers. Still and Sparkling Water is complimentary to all guests with the in-built Purezza Water System, an in-house cold-press juicing machine provides a refreshing beverage option and the food on offer is made from scratch, in house daily.
Louis Baxters proudly serves freshly roasted coffee from the skilled artisans at Laika Roasters in Lathlain. The coffee is a single origin bean that has been selected and tailored specifically to be paired with milk; it has a profile of apple, honey and touches of dark chocolate. Other single origin beans are on rotation to serve those who come in to try something new. The brand new, powerful La Marzocco Coffee Machine and Grinding Equipment are owned by the business and are still under warranty.
Subiaco is a fast growing, modern, developing suburb that is well connected to its local businesses and residents: the population sat at about 17,000 in 2016 and is projected to reach at least 20,000 by 2026: the business has already noticed the benefits with an increase in patronage.
Equally significant is the abundance of businesses and professional services that rely on Louis Baxters as a popular meeting place. Subiaco is Perth’s biggest suburban office market with some 4,370 businesses operating in this area and this number is set to increase once the World Class Hotel and Cinema development on Hay Street also opens, and the Subiaco Pavilion Market begins its $235M Redevelopment, of which one building is a twenty-four storey block mostly of apartments and 500 car parking spaces.
There is also free parking for customers nearby under Coles and Woolworths, as well as private car parking for staff, a private restroom, and over $150,000 of assets: all of which are of use, are clean, in near-new condition, or have recently been replaced.
On social media, recent pushes for engagement have resulted in 1,700 followers on Instagram and their latest promotional video has attracted 15,000 viewers and was seen by 23,300 others.
The cafe has been successfully operating since 2014, and in the nineteen months that the current owners have operated the venue, it has generated $600,000 in total revenue. The lease has three years remaining at $36,694 annually, excluding GST and Outgoings - a rent free period may be offered by the landlord. It is owner-operated with two staff supporting.
This cafe has recently undergone a major redesign of its interior and branding, and its proven takeaway-focused menu has been highly successful. There is no need for more capital investment, however the opportunities to do so would be:
- Develop the Dine-In Menu with Cooked To Order Meals
- Deck-out the Alfresco Area with More Seating
- Current Menu Offerings would excel on Food Delivery Platforms
- Opening on Weekends/Extending Opening Hours
- Run Workshops
- Offer Catering Options
- Venue Hire
- Online Store
It has not been an easy decision for the owners to sell; this business is profitable, has a recently rejuvenated interior, is in excellent condition, and attracts new customers to their regular base daily. Instead it comes as a decision to devote more time towards their other business ventures.
No previous experience is needed, just a love for coffee and people will ensure a strong and prosperous future ahead. Support will be provided. Visit https://www.louis-baxters.com.au/forsale to learn more.
- Date Listed:03/03/2019
- Last Edited:23/03/2019
- Business Type:Food/Hospitality
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