Currently on offer is a café that has been favoured by locals of its suburb. It has been operating since 1996, serving fresh Italian food and coffee to its customers.
*$125,000 average weekly takings
*$20,000 average weekly net profit
*45 kg of coffee sold per week
*480 sqm premises
*5+5+5-year lease agreement
Gerry Morelli and the team at LINK Melbourne are thrilled to bring this thriving café and restaurant to the market. It has been operating for 27 years and is considered the Iconic cafe of the area. The business has cultivated a solid reputation for itself through the provision of excellent coffee and delicious Italian food that is difficult to replicate elsewhere.
The business is located at an unbeatable corner location in a very busy shopping and dining precinct. It occupies 480 sqm premises that can accommodate 150 customers inside and 100 outside. The premises may be utilised as a function space for customers wanting a nice and sizable area to hold their events.
Included in the sale will be $350,000 worth of plant and equipment. The premises have been extensively fitted out. As such, the purchasers of the business are not required to make additional capital investments upon acquisition.
Operating the business are 15 full-time staff members, 10 part-timers and 20 casuals. Two owners work five days per week.
To learn more about this opportunity, contact me today! I would be glad to share more details with you.
Listing ID: 17062
Broker: Gerry Morelli
Phone: +61 3 9819 4211 / +61 417 353 120
*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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