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About this Business for sale in Melbourne

CAFE / RESTAURANT / BAR OUTER NORTH

Taking $70,000pw and still growing. Vendor terms available. 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 8 years due to other commitments.

For more information please contact Kristy Kolaitis from LINK, formerly Klemms on the below:
Phone: 0421 136 415
Email: kristy.kolaitis@linkbusiness.com.au

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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.

Listing: #ME00201
Price: $998,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Melbourne Region, Melbourne
Food/Hospitality, Cafe/Coffee Shop
*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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