High Traffic Fully Managed Cafe With Strong Sales

Business For Sale Armadale, Victoria 3143

Business Category Cafe and Coffee Shop

$220,000

Description

High Traffic Fully Managed Cafe With Strong Sales

This fully managed cafe derives $1,144,000 in annual revenue and $68,640 in net profit. It sells 30 kg of coffee weekly and is secured with a 5+5 year lease.

*30 kg coffee sales weekly
*Fully managed
*5+5 year lease
*High foot and vehicle traffic
*$1,144,000 annual takings
*Modern fit-out with full kitchen, walk-in cool room, 80 seats

Established in 2019 and acquired by the current owner in 2023, this fully managed business operates in a prime location. The directors handle only back-of-house management, with no hands-on involvement. The sale is due to divestment.

Annual takings are $1,144,000, with a net profit of $68,640 and a 31% gross margin. Rent is $6,833.33 per month, with yearly outgoings of $6,000. The lease runs for five years from October 2023, with two additional five-year options. The sale includes all owned equipment, except the coffee machine.

The business trades Monday to Friday from 7:00 am to 3:00 pm and weekends from 7:30 am to 3:00 pm. It employs two full-time, one part-time and ten casual staff. Coffee sales average 30 kg per week.

The 120 sqm premises include a full commercial kitchen, walk-in cool room and modern fit-out. Seating capacity is 80 inside and outside, with a maximum licensed capacity of 115. The location benefits from high foot and vehicle traffic in a busy village precinct surrounded by high-density residential properties.

Profitability could improve with an owner-operator model. Joining delivery platforms would also attract more customers. This is a well-established business in a high-exposure location with strong local demand.

Listing ID: ME03118
Broker: Nick Kolaitis
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03118
Timestamp: XXXXXXXXXX 0003
Contact Seller
Nick Kolaitis
Gerry Morelli

Bsale ID: 655975
Broker REF: ME03118

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