Internal Ref: B14828
Summary
Well-established café, operating for over 22 years, presents a fantastic opportunity for prospective buyers seeking a profitable venture with solid growth potential.
Revenue
$624,000 pa
Rent
$86,340 pa
Hours
Mon - Thurs 7am - 2:30pm, Fri 7am - 9pm, Sat 8am - 3pm, Sun 8am - 3pm
Lease
5 years commenced 01/02/2023 plus 1 further term of 5 years.
Employees
2 PT owners, 1 FT, 3 PT, 1 Casual
Reason for Sale
To focus on their other business
About the Business
This well-established café, operating for over 22 years, presents a fantastic opportunity for prospective buyers seeking a profitable venture with solid growth potential. Located in the heart of South Yarra, the business boasts impressive annual takings of $624,000 and a rent of $7,195 per calendar month, including GST, under a secure 5-year lease with an option for a further 5-year term.
Key Highlights:
- Takings: $624,000 annually
- Rent: $7,195 per month (including GST)
- Lease: 5 years, commenced February 2023, with an option for another 5 years
- Established: 22 years with current owners for 2 years
- Staff: 2 part-time owners, 1 full-time staff, 3 part-time staff, and 1 casual
- Seating: 30 inside, 28 outside
- Licensing: Fully licensed until 11 pm
- Management: Vendors not working in the business due to other business commitments.
This café is perfect for those seeking a business with a strong reputation, a loyal customer base, and the option to expand further. With a beautiful setup and steady customer traffic, the potential for growth is clear. The café offers a mix of indoor and outdoor seating, providing a great environment for patrons to enjoy high-quality coffee and meals, and the fully licensed bar adds to its appeal.
The current owners are offering a smooth transition, and with part-time owners and a dedicated team in place, it operates effectively with minimal day-to-day involvement. This is an excellent opportunity for investors or individuals looking to take a hands-off approach with a strong foundation already in place.
For Further Information or to Arrange an Inspection:
Please contact Chris and Elle’s Team at Absolute Business Brokers:
Phone 0433 582 533 or 03 9566 7300
Email: [email protected]
Ref: B14828
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