Italian Café Local Land Mark For Sale

Business description

This extremely profitable business is a long established and extremely popular café/restaurant.
Turnover of $1M plus.
This business represents excellent buying for someone with the experience to run a busy café.
With the local area becoming ever more affluent, with the new Valley Lake development close by, this business is in a prime position to continue to grow.
Fully licensed with a well fitted out kitchen, cool room and on site toilets.
24 Dwellings are in the process of being built next door which will be combination apartments & office space. This will add a couple of hundred clients right next door to this cafe/restaurant.
Rear car park available for evening trade. Although business hours are from 11 am a large proportion of the income comes from evening dining.
Open 7 days a week.

******Will trial at $22,000 per week******

Businesses of this caliber with a net return of this level are rare.

Property information

Real Estate:

Lease

Lease terms:

3x3x3 In 2nd year of first 3 years. 7 years left

Location:

Prime location, Keilor Road. New up-market housing developement one km away. On one of the most popular cafe strip areas in the Western Suburbs.

Other information

Expansion potential:

Opportunity to take advantage of the growth in the area.

Competition / Market:

Other cafe's in the area but offering different food types and styles.

Support & training:

5 working days

Reasons for selling:

Other interests

Trading hours:

Monday to Sunday 10-30am to 10-30/11-00pm

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$10,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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