Stunning Daytime Cafe Run Fully Under Management. Icon in the Area $898,000 (16643)
Melbourne
$898,000
Food/Hospitality
Menu
Licenced Cafe & Gelati Bar. Iconic Business. Motivated Vendor. Run completely under management. Popular inner-city northern suburbs. Enormous potential. This business was taking over $2.5 million in sales turnover from 2017 – 2019 pre-Covid. Seats 170. Double fronted corner location with huge potential. This business had and was built for high turnover and has a solid trading history with approx. 70% of its sales turnover in beverages and gelati. Extensively equipped, desperately in need of a new fresh owner to take this business to its former glory. Long lease.
Located in the one of the busiest pockets in Lygon street, location can’t be faulted. Reasonable rent. Great opportunity! Owner very keen to sell. All offers will be considered.
For more information please contact Nouha Mohtadi from LINK, formerly Klemms on the below:
Phone: 0411 755 568
Email: nouha.mohtadi@linkbusiness.com.au
*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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