Price
$865,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Retailer
Listing #
ME02436
Currently on offer is a renowned cafe in a busy area that typically brings in $70,000 per week and sells 12 kilograms of coffee. It has a capacity of 128, including booth and banquette seating, and it has a special liquor license. For over 18 years, locals have flocked to this cafe for the excellent food, affordable prices, and friendly service. If you’re looking for an established business with room to expand, this bustling cafe is a great option.
*Taking $70,000 PW on average
*Sells 21 kg coffee PW
*Staff: 11 FT | 8 PT
*20-year lease
*164.8 sqm
*128 seats (in and out)
*P&E worth $400,000
Kristy Kolaitis, Nick Kolaitis and the team at LINK Melbourne are thrilled to present a sought-after cafe business to the market. The business is an iconic cafe business located in the heart of a bustling area. Boasting a prime high-traffic location, this business sees an average weekly turnover of $70,000, including revenue from selling 12 kg of coffee per week.
The business boasts an impressive seating capacity of 128, including indoor and outdoor seating areas. In addition, the seating arrangement features booth and banquette seating, which enhances the cozy and intimate atmosphere that the cafe is known for. The property boasts 164.8 sqm of space, has a 20-year lease and P&E worth $400,000.
For over 18 years, this cafe has been a much-loved local hotspot, catering to tourists and locals alike. The business has established itself as a go-to spot for quality, delicious meals at reasonable prices, served by friendly staff in a welcoming atmosphere. The business is fully managed with 11 full-time and 8 part-time staff members. All team members are well-trained and experienced in providing exceptional customer service.
This thriving cafe is suitable for a new owner-operator or investor seeking a profitable and well-established business with the potential for further growth.
Get in touch with us today to start the acquisition process.
Listing ID: 16986
Broker: Kristy Kolaitis, Nick Kolaitis
Phone: +61 3 9819 4211 / +61 421 136 415 / +61 411 428 161
Email: [email protected] / [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
