Price
$298,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Cafe/Coffee Shop
Listing #
ME02312
This contemporary restaurant and cafe is a local favourite in Blackburn, well-known for its outstanding offerings and inviting rustic ambience. It has a long history of success dating back to the early 2000s, exhibiting its resilience amid multiple economic downturns. It is the perfect investment for new or experienced operators seeking a simple operation that could drive attractive revenue.
*Taking $32,000 PW
*Excellent margins; COGS: 30%
*Corner location
*Fully licensed
*$300,000 worth of P&E
*150 seats
*10 years lease
Gerry and Ross Morelli and the team at LINK Melbourne are thrilled to present a lucrative restaurant and café to the market.
Since its inception, it has become a local icon in Blackburn owing to its well-presented menu and immaculately fitted interiors.
It is centrally located in the suburb, directly across public transportation and surrounded by ample parking spaces.
It occupies a 240 sqm site, equipped with a full commercial kitchen, walk-in cool room, storeroom, conveyor pizza oven and an island service bar with a cake display and espresso bar.
It has a reliable 12-person team in place comprised of a mix of full-time and part-time staff. The current owner is also involved in the day-to-day operations on a minimal level.
Notably, it is semi-managed and can be run fully under management, presenting an opportunity for incoming owners to enjoy the coveted lifestyle flexibility!
The groundwork has been laid, and all you need to do is step in and start driving revenue!
Is this the type of investment you’ve been looking for? Give us a call today to schedule an obligation-free discussion.
Listing ID: 16853
Broker: Gerry and Ross Morelli
Phone: +61 3 9819 4211 / +61 417 353 120 (Gerry) / +61 417 112 911 (Ross)
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.
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