Price
$120,000
Profit *
$99,452
Sales Revenue
$624,000
Location
Whittlesea, South Morang
Category
Food/Hospitality, Restaurant
Listing #
ME03196
This licensed restaurant and cafe in South Morang was established in 2014 and acquired by the current owner in 2023. It is fully fitted with a commercial kitchen, pizza oven, walk-in cool room and bar and is set up to support dine-in, takeaway and delivery operations.
Popular café-restaurant with strong weekly delivery sales and a full commercial kitchen in a high-growth area. Immaculately fitted and fully licensed, with seating for 100 and significant potential to expand offerings.
*Annual takings of $624,000 with a strong net profit of $99,452 and low COGS at 25%.
*Weekly Uber Eats sales net between $2,300 and $2,800, providing a steady income.
*Affordable rent at $7,280/month with a secure 5+5+5 lease and 10 years remaining.
*Fully licensed until 11:00 pm, featuring a commercial kitchen, pizza oven, cool room and freezer.
*178 sqm venue with seating for 100, fully fitted with bar facilities.
*Prime position on a busy main road in a growing centre with strong foot traffic.
Great value at $149,000 with massive potential to increase takings through extended hours and menu changes.
For more information, please contact the broker.
Listing ID: ME03196
Broker: Nick Kolaitis
Phone: 0411 428 161
Email: [email protected]
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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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