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UNDER OFFER - CAFE - POA - (12886)

SOLD

VICTORIA

UNDER OFFER - CAFE - POA - (12886)

Impeccable location on a very busy main road

CAFE "RINGWOOD AREA"

You're in for a great treat with this Cafe. Impeccable location on a very busy main road surrounded by very strong Businesses (multiple big Banks, Post Office, Newsagent, Real Estate etc) all providing lots of foot traffic past your doorstep. Located next to a Train Station and surrounded with Car Parking.

BUSINESS HIGHLIGHTS:
*Consistent weekly sales
*Runs with 3 Staff only
*Prime high exposure location
*Small and easy to manage Cafe
*Very minimal Cooking
*Seating 45 Inside and 12 Outside
*Sells Coffee, Milkshakes, Cold Drinks, Cakes, Muffins, Sandwiches, Fried Food ect

BUSINESS STRENGTHS:
*Open 5.5 Days (Breakfast & Lunch)
*Closed Sunday
*Open 8am-2:30pm on Saturday
*Open 7:30am-4:30pm Monday-Friday
*Seats 45 Inside and 12 Outside (footpath)
*Surrounded by corporates and Shoppers
*Large Take Away trade
*Large Shop premises

LEASE & RENT:
*Commencement date: January 2017
*Term: Three (3) Years
*Further terms: Two (2) terms, each of Three (3) Years
*Current weekly Rent: $761.00 + GST
*Rent reviews: CPI (every term not every year)
*Size of venue: 160sqm

EQUIPMENT & FIT OUT:
*All equipment is paid off in full and owned by the Business
*No equipment is loaned from any suppliers
*No equipment is on lease

BUSINESS FINANCIALS:
*Taking $4,500 on average
*Purchases $1,000
*Very cheap Utility expenses $138pw
*Husband (51hrs pw) & Wife (30hrs pw) full time
*1 Part Time employee (15hrs pw)
*Stock value at $4,000 approx

Vendor only selling so that he can go overseas to see his elderly parents.

This truly is a great business with huge potential. It is well suited to a person or a couple who want to buy their first business or for an experienced business operator who is looking for their next big improver venture. I strongly recommend an inspection so you can appreciate what this Business has to offer.

Genuine Vendor. Keen to sell.

For more information please contact Samuel on 0422 100 422

Business Snapshot

Price: SOLD Takings: $4,200 p/w

Listing ID: 12886

Overview

  • Listing ID 12886
  • Status Sold
  • Location VICTORIA
  • Price SOLD

SOLD BY

Samuel Raydan

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551 Glenferrie Rd
Hawthorn VIC 3122

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