CAFE / RESTAURANT / BAR OUTER NORTH
Taking $75,000pw and still growing. Run semi under management. Seats 510 with 1am Liquor Licence. Showing very healthy profits. Strategic high exposure, main road, corner location in one of Melbourne and Australia’s top 5 growth areas only 25km from the CBD. Brilliant extensive state of the art set up which would cost approx $1.5 Million to build today. Magnificent outdoor area. A fully systemised operation. Adjacent to key retail outlets including Cinemas, a Leisure Centre and a busy Cafe / Restaurant precinct. Business is built to take well in excess of $5 Million pa turnover.
The business is virtually run under management and is stabilising with future growth eminent. In addition, the option is coming up for renewal in August 2023 which will be an excellent opportunity to negotiate a lower rental and longer lease.
The owner is keen to sell and will listen to offers.
This is a superb opportunity to acquire a great cash flow Business offering security, profits, and a tremendous concept. Owner selling after 10 years due to other commitments.
For more information, please contact Kristy Kolaitis from LINK on the below:
Phone: 0421 136 415
*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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Register your details and receive priority email notifications about businesses for sale that meet your preferred price range, location or industry.
"*" indicates required fields