Under Offer Much Loved Hospitality Institution Up For Grabs In St Kilda $865,000 (16986)

Currently on offer is a renowned cafe in a busy area that typically brings in $70,000 per week and sells 12 kilograms of coffee. It has a capacity of 128, including booth and banquette seating, and it has a special liquor license. For over 18 years, locals have flocked to this cafe for the excellent food, affordable prices, and friendly service. If you're looking for an established business with room to expand, this bustling cafe is a great option.

*Taking $70,000 PW on average
*Sells 21 kg coffee PW
*Staff: 11 FT | 8 PT
*20-year lease
*164.8 sqm
*128 seats (in and out)
*P&E worth $400,000

Kristy Kolaitis, Nick Kolaitis and the team at LINK Melbourne are thrilled to present a sought-after cafe business to the market. The business is an iconic cafe business located in the heart of a bustling area. Boasting a prime high-traffic location, this business sees an average weekly turnover of $70,000, including revenue from selling 12 kg of coffee per week.

The business boasts an impressive seating capacity of 128, including indoor and outdoor seating areas. In addition, the seating arrangement features booth and banquette seating, which enhances the cozy and intimate atmosphere that the cafe is known for. The property boasts 164.8 sqm of space, has a 20-year lease and P&E worth $400,000.

For over 18 years, this cafe has been a much-loved local hotspot, catering to tourists and locals alike. The business has established itself as a go-to spot for quality, delicious meals at reasonable prices, served by friendly staff in a welcoming atmosphere. The business is fully managed with 11 full-time and 8 part-time staff members. All team members are well-trained and experienced in providing exceptional customer service.

This thriving cafe is suitable for a new owner-operator or investor seeking a profitable and well-established business with the potential for further growth.

Get in touch with us today to start the acquisition process.

Listing ID: 16986
Broker: Kristy Kolaitis, Nick Kolaitis
Phone: XXXXXXXXXX / XXXXXXXXXX / XXXXXXXXXX
Email: XXXXXXXXXX / XXXXXXXXXX

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