64 Shields Street, CAIRNS QLD, 4870
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Food Hospitality
$229,000 WIWO
Founded in March 2016, Waffle On Cairns created the concept of a funky, modern cafe serving both sweet and savoury waffle dishes to locals and tourists alike. Boasting outstanding customer service, presentation, value for money and quality meals and beverages, Waffle On’s success has been forged by providing a “point of difference” for Cairns consumers. Fresh batter is manufactured daily, with cooked to order gluten free and vegan options, further enhanced by real Belgian chocolate.

Other features of this unique business opportunity include:

•Outstanding sales growth year on year
•Lease expires 19.6.2020, with 2 x 3 year options
•Rent currently only 4.7% of turnover
•Trendy inner-city location in close proximity to Rusty’s Markets & Gilligans’ Backpackers
•Cost of goods sold less than 30%
•Number 1 Cairns Breakfast Venue, Cafe Venue, Dessert Menu and Place to eat in Cairns as rated by Trip Advisor
•4.95/5 Star Review on Facebook and 5/5 on Trip Advisor
•Favourable trading hours 7.30am to 1 pm six days per week
•Growth potential via trading hours extension and Takeaway options like Uber Eats, Menulog & Eat Now - opportunity to double current income
•Ideal business opportunity for owner/ operators, or run under management
•Franchise expansion possibility
•Verification of financial information via Daily POS and Merchant Summary Receipts, and BAS Statements
•Turnover FY 2017-2018 greater than $500,000 GST inclusive, with Net Profit in excess of $100,000

The exiting owners are wishing to travel overseas and have therefore realistically priced the business at $229,000 WIWO. Enthusiastic entrepreneurs are encouraged to inspect!
General Features
  • Type: Food Hospitality
Bruce Barclay
4031 5228
0419 783 637
Fritz Herscheid
4031 5228
0408 738 739
Email Agent:
Confidentiality Agreement