SOLD

HIGH PROFILE CAFE - RICHMOND

RICHMOND VIC
HIGH PROFILE CAFE - RICHMOND

Last asking price Not disclosed

Sold June 2023

Restaurant, Food & Drink

Located within the prominent coffee precinct of Richmond, this café has been a big hit since birth. A gorgeous timber door leads to an open plan space and design featuring white walls and wooden tables with plenty of natural light beaming through the large front window. There is also a great kitchen, storage space and untapped outdoor space. Serving mouth-watering coffee means caffeine lovers are queuing up for their caffeine hit whilst the hungry ones cram in for a table to rip into delicious breakfast and lunch options which are made with the finest and freshest of local produce and ingredients. This place is not just an icon, it is a legend with adoring fans and, oh, it also happens to be a booming business. Don't miss out!

BUSINESS HIGHLIGHTS:

Average weekly sales of $20,000+

Average weekly profit of $4,000+

Prime high exposure location

Serving 45kg+ of prime coffee

BUSINESS STRENGTHS:

Consistency in product and business performance

Enviable business reputation acknowledged by media exposure

Continue business growth in each year of operation

Loyal customer base ensuring any operator can make money here

Big take away trade

LEASE AND RENT:

Commencement date: 21st February 2014

Term: Five (5) Years

Further terms: Two (2) x Five (5) year Terms

Current monthly rent: $3,090.25 + GST + Outgoings

Rent reviews: CPI annually

Carparking: Free public parking surrounding the cafe

EQUIPMENT & FIT OUT:

All equipment in excellent condition and included in the sale

Good sized kitchen

FINANCIALS:

Financials Readily Available on Meeting with broker/vendor on site

Trial also available (if required)

OPPORTUNITY TO:

1. Lease out upstairs 2 bedroom living quarters for min. $800 per month

2. Implement online presence such as Facebook, Twitter, Linkedin to promote the business

3. Reconfigure seating to maximize numbers

4. Extend kitchen hours and overall trade hours to increase takings

5. Take advantage of huge catering demand in the area to boost takings

xxxxx liquor licence and do night trade due to high demand in this location.

PRICE: $380,000 ONO

Call Marc TODAY to inspect on xxxxxxxxxx!

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