Price
$289,000
Profit *
Refer to Broker
Sales Revenue
$1,560,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Cafe/Coffee Shop
Listing #
ME02748
On offer is an iconic cafe that offers delectable food and great coffee, featuring a 260 sqm space adorned with a remarkable $1 million fit-out. Positioned in a bustling and affluent locale, this establishment provides a remarkable opportunity for a new owner to capitalise on an already established venture.
*Taking $30,000 PW
*Sells 48 kg coffee PW
*3 PT | 10 casual | 1 Manager (undermanagement)
*1 Million Dollar Fit out
*Ample Seating
*Long lease term
*265 sqm
*4.5/5 Google rating
Simon Sheridan and the team at LINK Melbourne are excited to bring a reputable coffee shop to the market. This cafe is known for serving delectable food and exceptional coffee. It stands out with a remarkable 4.5 out 5 based on Google rating from 119 reviews.
Strategically positioned on a corner under a multistorey building, the cafe benefits from a prime location. The area's vibrancy and affluence contribute to a consistent flow of foot traffic, making it an ideal spot for business. The 260 sqm premises, architecturally designed and featuring a $1 million fit-out, provide an attractive and spacious setting.
The cafe boasts significant assets, including a full commercial kitchen, a complete coffee station and independent cake and food display cabinets. With a capacity for 200 patrons, this licensed cafe is trading from 7.30 am – 3 pm, offering a broad window for potential revenue generation. A noteworthy 48 kg of coffee is used weekly, underlining the commitment to quality and the popularity of the offerings.
Currently under management, the business operates seven days a week. The day trading focus enables for potential growth with extended hours or additional marketing initiatives. A skilled owner-operator could leverage this reputation further through targeted marketing strategies and community engagement. Overall, it is an excellent chance for the new owner to own a thriving establishment in a sought-after location with the potential to become a landmark in the community.
To learn more about this business, contact me today. I would be glad to provide more details to qualified purchasers.
Listing ID: ME02748
Vendor: Simon Sheridan
Phone: 0400 858 900
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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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