What’s Hot? – Cafes + Hospitality Businesses

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Whats Hot? Cafes Hospitality Businesses

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• http//benchmarkbusiness.com.au

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What businesses are popular with buyers in the
food and hospitality industry at the moment? It
would appear that Monday to Friday businesses are
what a lot of people are looking for. They are
after a lifestyle business, they dont want to be
tied to their businesses 24/7. They want time to
be able to enjoy family and sporting activities
on weekends. So, what a lot of people are looking
for is the Industrial Takeaways and Cafes that
are operating Monday to Friday. Also popular are
businesses that predominantly cater for the
breakfast, brunch, and lunch trade. The owners
of these businesses have generally finished up by
mid afternoon and this gives them opportunity to
pursue activities and hobbies. Also of benefit
these sorts of businesses dont need to employ
chefs, their menu offering is relatively simple
and therefore can be run by people with not a
great deal of experience.
Contact Info Broker Support Centre, Suite 104,
Bermuda Point, 20 Lake Orr Drive. Varsity Lakes,
QLD 4227 Australia http//benchmarkbusiness.com.au
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Quite a lot of these sorts of businesses are an
entry level point for purchasers, they are
regularly bought by people that have not
necessarily owned a business before. They
generally have a reasonable entry level point in
terms of the dollars required to make the
purchase. Purchasers are looking for businesses
with long term leases in place, with the
availability of option periods to be exercised.
They are looking for security of
tenure. Purchasers are also looking for business
with good strong and consistent sales turnover.
They want these sales to be able to be validated
by a trial period and the provision of
accountants financials.
Contact Info Broker Support Centre, Suite 104,
Bermuda Point, 20 Lake Orr Drive. Varsity Lakes,
QLD 4227 Australia http//benchmarkbusiness.com.au
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Restaurants which start late, and trade late into
the night for seven days a week, are not
popular at present. Many buyers dont want to be
up late, cleaning up until after midnight, and
waiting around all day to go to work. Most
buyers want an early start and an early finish
and free weekends! Businesses like that have
seen a significant increase in demand over recent
years and demand has forced up values. This
may cause some business owners to think about
changing their business operation to trade early
5 days a week and close on weekends. Jo-Anne
Wilson Business Broker
Contact Info Broker Support Centre, Suite 104,
Bermuda Point, 20 Lake Orr Drive. Varsity Lakes,
QLD 4227 Australia http//benchmarkbusiness.com.au
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