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Licenced Cafe/restaurant Business Canterbury For Sale

Canterbury, Victoria, Australia
Asking Price:
$250K - $500K (AUD)
Sales Revenue:
$832,000 (AUD)
Cash Flow:
Available on request

Licenced Cafe/Restaurant Business for Sale with an exceptional location. Occupying a high-exposure corner spot, this cafe is adjacent to the iconic Maling Road shopping district, which attracts thousands of shoppers annually. There is plenty of parking for patrons and this cafe is on the doorstep of the train station.

The cafe occupies a heritage building, however, the interior has been given a modern makeover. There is ample space with seating for 23 inside and a further 14 outside. The spacious interior lends itself to hosting functions, that are popular in this heritage building. The owners also offer catering.

Trading 7 days: Monday to Friday, 7am to 4 p.m., and Saturday and Sunday, 8am to 4pm as a cafe and restaurant. On Thursdays and Fridays, the owners run a vibrant wine bar with drinks, light bites, and sharing plates. The premises is liquor-licensed until 11pm.

The current owner only works part time in the cafe, with 1 full time staff and 13 casuals, serving an easy-to-prepare menu. So new owners do not need cooking experience.

Sells approx. 28kg of coffee per week and turns over an average of approx. $16,500/week with rent of $2,500 per week including GST and a secure lease of 5x5x5x5x5, which commenced in November 2020.

Has an extensive, well designed website, as well as an Instagram account with 2,500 followers and a range of merchandise.

Do not miss this opportunity to acquire this exceptional cafe/bar, enquire today for more information.


Ref:B14647

Property Information

Real Estate:

Lease

Lease Terms:

secure lease of 5x5x5x5x5 which commenced in November 2020.

Location:

Occupying a high-exposure corner spot, this cafe is adjacent to the iconic Maling Road shopping district, which attracts thousands of shoppers annually. There is plenty of parking for patrons and this cafe is on the doorstep of the train station.

Premises Details:

The cafe occupies a heritage building, however, the interior has been given a modern makeover. There is ample space with seating for 23 inside and a further 14 outside. The spacious interior lends itself to hosting functions, that are popular in this heritage building.

Business Operation

Reasons for selling:

Moving Overseas

Trading hours:

Trading 7 days: Monday to Friday 7am to 4pm and Saturday and Sunday 8am to 4pm as a cafe and restaurant. On Thursdays and Fridays the owners run a vibrant wine bar with drinks, light bites and share plates.

Employees:
Current owner only works part time in the cafe, with 1 full time staff and 13 casuals