An established cafe in a high-traffic suburb in Melbourne is available for acquisition. The business has a robust financial performance, with annual takings of $2,340,000 and a net profit of $208,000. The cafe's prime location, aesthetic fit-out, loyal customer base, specialty coffee and European-inspired meals make it a lucrative business.
*Taking $2,338,000 PA
*High foot traffic location
*P&E valued at $160,000
*42 indoor and 32 outdoor seating
*Newly commenced lease
*Operating for over 10 years
Alam El Basha and the team at LINK Melbourne are thrilled to present a well-established cafe in Melbourne's inner suburbs to the market.
Established in 2014, the cafe has been profitable in the inner suburbs of Melbourne. It has established a loyal customer base since its inception due to its European-inspired meals and specialty coffee. Its menu includes breakfast rolls, lunch specials and evening bar snacks, complemented by cocktails and impressive wine list.
Its proximity to key establishments benefits the cafe, enhancing its visibility and accessibility. Its strategic location influences its revenue and overall business operations. Its customers include residents, students and cinema patrons near by.
The spacious premises are equipped with high-quality equipment and aesthetic design. Its wood-and-brick fittings give its customers a more comfortable and inviting dining experience.
Operating under management, the cafe has 24 staff members, including full-time, part-time and casual staff. Staff roles mainly involve maintaining seamless day-to-day operations.
The business may reach its customer base with an informational website and an active Instagram account. Under new ownership, the cafe has ample growth opportunities.
For more information about the business, contact Alam today!
Listing ID: ME02938
Broker: Alam El Basha
Phone: 0407 990 000
Email: alam.elbasha@linkbusiness.com.au
Ref: ME02938
Timestamp: 20240813010005
