Sold Iconic Beachside Café Fully Managed $440,000 (16830)

This business is one of the most popular and iconic cafes in Melbourne's Bayside region. The café has a stunning architecturally designed fit out situated in a prime retail, easily accessible and beachside location. The business is known for their top quality coffee & innovative meals, it is fully managed and does not require a cent of additional capital injection after settlement. It is an ideal investment for the astute investor or suit owner operators.

Key features include:

* Taking $33,500 pw
* Excellent margins; Gross profit 72% +
* $2 million in sales pre-covid
* Sells approx. 40 kg coffee pw
* Long secure lease
* $1,000,000 spent on fitout
* $200,000 worth of P&E
* 150 seats
* Liquor license
* Corner location with expansive outdoor area overlooking the beach
* Lots of potential to expand outdoor dining area and expand trading hours

An incredibly popular café, fully managed, excellent margins, a great concept, prime location and a devoted customer base...the perfect blend for a profitable business.

Listing ID: 16830
Broker: Gerry Morelli
Phone: XXXXXXXXXX
Email: XXXXXXXXXX