Summary
Located in the bustling street of High Street Northcote, a thriving and busy daytime café is for sale. Under management, long secure lease, high foot traffic area, and licensed – RUN don’t walk!
Revenue
$14,000 pw
Rent
$1,178 pw
Net Profit
$2,000 pw
Location Details
High Street
Hours
Weekdays: 7 am - 3 pm & Weekends: 8 am-3 pm
Lease
2 years remaining. Options available 3 x 5 years
Employees
2 full time & 3 casual
About the Business
Located in the bustling street of High Street Northcote, a thriving and busy daytime café is for sale. Under management, long secure lease, high foot traffic area, and licensed – RUN don’t walk!
In the inner northern suburb of Northcote, located on the notoriously famous High Street, a fabulously hip café is for sale. With a gorgeous, polished monochrome interior and two outdoor areas, this café welcomes all walks of life from youngsters, families, and even pooches.
The current trading hours of this café lends itself to being a daytime café however there is the opportunity to increase these hours. On offer, you will discover excellent coffee and high-quality produce featured in breakfast, lunch items, and everything in between.
This business has an excellent social media presence with over 7000 followers. It has been featured on many website publications making this a business that requires no introduction. Out of 350 Google Reviews, it has been rated at 5 stars. It is a cafe where locals visit as well as others.
There are many opportunities to expand on the success of this business. This can be done by utilising the liquor license and increasing trading hours to being opened in the evening and transforming this into a bar and/or function space at night. As this business has a second storey, there is also the opportunity to lease the upstairs space. This business is currently under management, therefore there is the possibility of transforming this into an owner-operator model whereby the lucky buyer could be making up to $20,000 per week!
This is a must-see business. Contact NICK 0419 589 852 to find out more!
WHAT YOU NEED TO KNOW:
• Monthly rent of $5069.41
• Lease terms are 2 years remaining. Options available 3 x 5 years
• Trading hours are: Weekdays: 7 am - 3 pm & Weekends: 8 am-3 pm
• Staff consists of 2 full-time & 3 casual
• Under management
• Weekly takings of up to $14,000
• Weekly net profit up to $2000
• Capacity of up to 75 patrons
• Liquor License in place
• 25kg of coffee per week
• Full commercial kitchen
• All equipment is owned and will be included in this sale
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