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Under Management Cafe Business East Melbourne For Sale

Mulgrave, Victoria, Australia
Asking Price:
$250K - $500K (AUD)
Sales Revenue:
$988,000 (AUD)
Cash Flow:
Available on request

This Cafe Business located in East Melbourne has the most excellent location.

It is located below a block of serviced apartments, which brings in a lot of visitors. It is surrounded by numerous other apartment blocks and commercial buildings with high profile tenants as well as hospitals and a huge park. It is also very close to the Melbourne Cricket Ground. All of these serve to bring many people in to the area.

This sizeable cafe has an immaculate fit out with seating capacity for 42 inside and covered seating for 50 outside.

Has a well equipped commercial kitchen and is fully licensed until 11pm.

Selling 40kg coffee per week with very busy breakfast service especially on weekends.

Run under management with 3 full time, 3 part time and 3 casual staff

Short trading hours 7 days per week: Monday to Friday 7am to 3pm, Saturday and Sunday 8am to 2pm

Turning over $19,000 per week with rent of $1,687 per week for an excellent location. Lease options of 7x7.

Has a well designed website and large social media following. But still huge potential in this business - new owners could extend trading hours to take advantage of the liquor licence and introduce catering especially for all the offices in the area.

An inspection will impress.

For more information and to arrange an inspection please contact Chris Panagiotidis or Elle Likopoulos on.

Property Information

Real Estate:

Lease

Lease Terms:

7x7

Leasehold Rent:

$87,732 (AUD) per annum

Location:

It is located below a block of serviced apartments, which brings in a lot of visitors.

Business Operation

Expansion Potential:

Has a well designed website and large social media following. But still huge potential in this business - new owners could extend trading hours to take advantage of the liquor licence and introduce catering especially for all the offices in the area.

Reasons for selling:

Moving on

Trading hours:

Short trading hours 7 days per week: Monday to Friday 7am to 3pm, Saturday and Sunday 8am to 2pm

Employees:
Run under management with 3 full time, 3 part time and 3 casual staff
Years established:
14

Contact Information

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