HIGH PROFILE CAFE - RICHMOND
RICHMOND VIC
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!