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Profitable Busy & Trendy Richmond Cafe For Sale

Richmond, Victoria
Asking Price:
$159,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$442,000 (AUD)
Cash Flow:
Available on request

Summary:

Over 55% growth in the past 7-8 months! Profitable, trendy cafe on busy main road in Richmond.


Revenue:

$8,500 pw


Rent:

$900 pw


Potential:

Located near the hospital on the busy end, a popular, trendy & profitable cafe.

The menu could do with a bit of updating & refreshing which would add additional income.


Close to hospital & offices - catering & delivery opportunities which we have never explored.


Registered on Uber Eats & Deliveroo - adds a nice additional income into the cafe (esp on w/e). But could update the menu to include evening items like Burgers etc, which would be a great expansion.


Skills:

Currently the owner (with no hospitality experience) lives in Sydney & the cafe is purely an investment with manager onsite.

Could suit similar arrangement OR could be owner operated which would increase the profit margins.


Hours:

7 days a week 7:30-3:30


Employees:

The current empolyees are wonderful. Very trustworthy, reliable and willing to stay on with new owners if needed.


About the Business:

A lot of hard work, money and effort has gone into creating this popular cafe which has resulted in over a 55% growth in the past 7 months! And there is still so much potential to increase that even more.


All marketing strategies will be given to the new owners. We have a great social media presence resulting in a regular amount of new & returning happy customers.


Currently selling approx 20kgs coffee p/w, turn over is $8,000-$9,500 p/w and rent is approx $900 p/w.


All stock and fixtures come with sale.

Property information

Real Estate:

Lease

Lease Terms:

2 more years left on the lease with an option for 3 more years.

Leasehold Rent:

$10,800 (AUD) per annum

Location:

Busy main road in Richmond.

Premises Details:

Outside seating, main floor and mezzanine.

Business Operation

Expansion Potential:

Located near the hospital on the busy end of Bridge Rd, a popular, trendy & profitable cafe.

The menu could do with a bit of updating & refreshing which would add additional income.


Close to hospital & offices - catering & delivery opportunities which we have never explored.


Registered on Uber Eats & Deliveroo - adds a nice additional income into the cafe (esp on w/e). But could update the menu to include evening items like Burgers etc, which would be a great expansion.

Reasons for selling:

We've got another successful business that is taking up all of our time and attention. We'd like to put more focus on that business.

Trading hours:

7-3:30 7 day

Employees:
10
Years established:
2

Other Information

Support & training:

We will hand over and assist with all marketing, training and mentoring for the new owner.

Furniture / Fixtures value:
$25,000 (AUD) - included in the asking price
Inventory / Stock value:
$30,000 (AUD) - included in the asking price

Contact Information

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