This is an amazing opportunity to purchase a recently renovated, open plan cafe in the heart of the affluent suburb of Elsternwick. Strategically located on a busy main road, and surrounded by residential properties, the business experiences enormous rates of passing traffic daily, with hundreds of parents from the local schools frequenting the shop for their school drop off and pick up coffee hit!
The 120sqm has been immaculately fitted and equipped with beautiful new display fridges, stylish furniture, a new coffee machine worth $28,000, and seating for 45 inside and 20 outside. The business also holds an 11:30pm liquor licence which only increases it’s potential!
Key features include:
*Taking $12,000 per week
*Open 7 days per week
*Reasonable $1,040 rent per week
*Good 11 year lease in place
*Double fronted shop with huge street presence
*Located at the bottom of a high rise apartment building
*Perfect for an owner operator, family operation, or for VISA purposes
*No expense spared
For more information please contact Nick Kolaitis from LINK on the below:
Phone: 0411 428 161
*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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