Price
$249,000
Profit *
Refer to Broker
Sales Revenue
$1,170,000
Location
Bayside - Melbourne, Sandringham
Category
Food/Hospitality, Cafe/Coffee Shop
Listing #
ME03147
Available for acquisition is a beloved local café strategically positioned on the ground floor of a 450-unit high-rise apartment. As such, the business is exposed to consistent traffic, attracting organic and repeat customers with minimal effort. The business's prime location, stunning premises and vast operational potential make it an ideal investment for those seeking to enter the hospitality industry.
*Taking $22,500 PW
*P&E valued at $400,000
*Over 28 kg of coffee and chocolate sold PW
*15-year lease agreement
*90 seats
Presented to the market is a highly reputable café that offers a comprehensive menu featuring breakfast, lunch and coffee, as well as a curated wine list, among others. It is positioned below a large block of 450 apartments and is within walking distance from other residential complexes. There are 15 years remaining on the lease, ensuring the business's security of tenure in its exceptional and busy location.
The business occupies a 190 sqm space that accommodates 50 indoor and 40 outdoor seated customers. The fitout is architecturally designed and visually stunning, providing customers with a laid-back ambience. The premises are also fitted with plant and equipment valued at $400,000, including state-of-the-art kitchen amenities, eliminating the need for additional capital investment post-sale.
Significant growth opportunities to increase revenue are presented. New owners may expand the hours of operation to fully capitalise on the liquor licence and/or introduce a dinner service to increase profitability further.
Contact Simon today to learn more!
Listing ID: ME03147
Broker: Simon Sheridan
Phone: 0400 858 900
Email: [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.
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