Available for acquisition is a well-acclaimed cafe and restaurant in a high-traffic, high-exposure area. The business has been operating for over 20 years and offers a wide range of beverages, including an impressive cocktail list complemented by an Italian-inspired menu. It presents an incredible opportunity to enter a lucrative market with an established dining icon in a sought-after location.
*20+ years of operational history
*$1,705,000 takings PA
*6 day operation
*50 kg of coffee sold PW
*129 sqm premises
*P&E valued at $35,000
Simon Sheridan and the team at LINK Melbourne are delighted to present a renowned bar, restaurant and cafe in Melbourne's Inner-city suburbs to the market.
The business has been operating for over 20 years in a vibrant retail district as a well-favoured drinking and dining destination. It offers coffee, cocktails and an outstanding pasta selection in a casual atmosphere. It benefits from a steady influx of potential customers generated by surrounding commercial establishments.
It has maintained a sustainable financial position, selling 50 kg of coffee weekly, generating $1,705,000 last year.
The business's 129 sqm premises offer ample space for patrons, further enhanced by more seats in a designated on-street area. Moreover, the sale includes assets estimated at $35,000 comprising essential plant and equipment necessary for the business's uninterrupted operations post-acquisition.
Daily operation is overseen by two full-time owner-operators, assisted by four personable casuals who execute kitchen, bar and front-of-the-house duties. It presents a rare opportunity to acquire a longstanding business in a high-profile location.
To take advantage of this exciting business acquisition offer, call Simon today!
Listing ID: ME02969
Broker: Simon Sheridan
Phone: 0400 858 900
Email: simon.sheridan@linkbusiness.com.au
Ref: ME02969
Timestamp: 20240815010003
