The team at LINK Melbourne is thrilled to bring to the market this rare and exciting business opportunity. A thriving coffee shop that has been operating for 17 years with solid trading history. Arguably it's one of the top listings the Team has secured in years.
Key positive business features:
*Lucrative coffee shop in an outstanding location, positioned amongst vibrant
business hub, major hospital and school, enjoying high rates of foot traffic daily,
*Trendy and spacious cafe with 120 seatings inside and outside,
*Stable average weekly taking at $40,000 and growing,
*Long secured 9 years lease with attractive terms,
*Operating five days per week, no weekends,
*Serving coffee, breakfast and lunch with short trading hours from 6am to 2pm,
*Operating staff consists of a small, young and enthusiastic team that works
coherently with each other for smooth running of the business operation, serving
great coffee, delicious and enticing food that attracts an ongoing and growing list of loyal, well-to-do customer base in the area. The team is well-known for providing warm and friendly service to customers,
*Cost of food - Approximately 28%,
*Rents + All outgoings + utility bills fixed at 10% of turnovers,
*High profit margin business that is on path for bigger growth this year due to major
health services and business operations newly set to opened up next to the cafe,
*There is potential to increase revenue even further by introducing delivery services through third-party providers, such as UberEats, Menulog and DoorDash.
This is a very genuine and lucrative business offered by retiring owners.
Realistically Priced at $1.2 million
For more information, please contact our LINK Agent:
Listing ID: ME02894
Broker: Ken Bouchebli
Phone: 0406 966 455
Email: ken.bouchebli@linkbusiness.com.au
Ref: ME02894
Timestamp: 20240604013003
