Under Offer Cafe With Large Seating & Function Space For Sale

Ivanhoe, Victoria 3079

SOLD

Key Features

AI generated. Contact seller to confirm.

500 sqm premises
12 to 15 kg coffee weekly
10-year lease in place
150 indoor, 200 outdoor seating
Function space 100 seated, 150 standing
Full commercial kitchen with walk-in cool room

Turnover: $780,000
Net Profit: $103,600
Rent/Lease: $8,360 per month; 10-year lease from Nov 2023, CPI increases
Stock Value: Not disclosed
Established: Established cafe (year not stated)

Business Details

Business Category

Established cafe with a full commercial kitchen, large seating capacity and a dedicated function space.

*500 sqm space
*12 to 15kg coffee weekly
*10-year lease
*$832,000 annual takings
*150 indoor, 200 outdoor seats
*Full commercial kitchen

This established cafe is set within a golf course on 500 sqm premises, featuring a full commercial kitchen, walk-in cool room, dishwashing area, and storage. The front counter includes a coffee machine and display fridge, supporting a steady coffee trade of 12 to 15 kg weekly. Seating capacity is 150 indoors and 200 outdoors, including a beer garden with mature trees and hedges.

A dedicated function space accommodates 100 seated or 150 standing guests, catering to corporate events, birthdays, baby showers and wakes. The indoor area is air-conditioned for year-round comfort.

One full-time owner, two full-time staff members and five casual employees run the business. The owner works 38 hours per week. Annual revenue is $780,000, with a net profit of $103,600. Rent is $8,360 monthly under a 10-year lease starting November 2023, with CPI-based increases.

Located in a high-traffic area with scenic views, the cafe attracts regular customers and event bookings. Expansion of function services has strong potential to grow the business.

Listing ID: ME03148
Broker: Nick Kolaitis
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03148
Timestamp: XXXXXXXXXX 3003