Industrial Cafe - Freehold
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About this business
In the broker's words
Full description, as written by the brokerEstablished in 1987 - current owner since 2007.
After nearly 20 years the owner is now ready to move on.
Trading 5.5 days per week with Hugh regular clientele base.
Fully staffed with 11 employees, handling all the cooking and service.
Owner input in admin and helping when required.
New lease on offer rental $5,000 per month, or you can buy the freehold as-well and be you own landlord.
Freehold comes with residential 2 bedroom apartment above with a weekly rental income of $450 pw or for you to live in.
Fully equipped kitchen and service counters newly renovated and upgraded.
Great profit margins of over $280,000 pa, after all expenses.
Priced to sell at below 2 x net profit.
Owner will trial turnover at $25,000 PW.
This business will be sold to the right hospitality operator.
Price Business only $490,000 ono Plus SAV
Freehold indicator price $1.3ml but only if sold with the business.
Inquire now for full details and arrange an inspection.
Baz Sanjakdar 0412 488008
Key facts
Details are as stated by the broker.
- Business type
- Takeaway
- Reason for sale
- After nearly 20 years the owner is now ready to move on. (from the broker's description)
- Established
- 1987 (from the broker's description)
Details are as stated by the broker in the description and have not been checked by Business For Sale.
Location
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