Internal Ref: B14559
Summary
*$35,000 - Must sell* This established cafe/restaurant and bar is situated in Collingwood’s busy hospitality precinct.
Revenue
$130,000 pa
Rent
$69,996 pa
Location Details
It is surrounded by many supporting businesses which ensure a steady flow of customers to the area. With a location close to the corner of 2 busy main streets, it has significant traffic exposure and easy access by public transport.
Hours
5 days: Tuesday to Friday: 7:30am to 4pm, Saturday: 8am to 4pm; closed Sunday and Monday
Lease
3x3x3 Commenced 16/12/2020
Employees
1 FT Owner, 1 FT Staff, 1 Casual staff
Reason for Sale
Family
About the Business
Priced to Sell.
This established cafe/restaurant and bar is situated in Collingwood’s busy hospitality precinct. It is surrounded by many supporting businesses which ensure a steady flow of customers to the area. With a location close to the corner of 2 busy main streets, it has significant traffic exposure and easy access by public transport.
Relaxing and cosy venue with a wide customer base. This restaurant/bar has seating for 26 inside and 8 outside. The premises also has a function room, with capacity of up to 20 people, which can be utilized as an overflow on busy days or for private functions. Additionally, there are also 4 rooms upstairs, too.
Trades 5 days for breakfast, brunch and lunch: Trading hours are currently Tuesday to Friday: 7:30am to 4pm and Saturday: 8am to 4pm. It is fully licensed until 11pm. Which gives new owner ample opportunity to extend trading hours to include a dinner service.
The owner works in the business with support from 1 full-time staff and 1 casual employee.
Turns over approx.$2,000 - $3,000 per week with rent of $5,833 pcm plus GST for good size premises, including the upstairs spaces. New lease is available to new owners.
This is perfect for you if you are looking for an opportunity to have your own restaurant/bar, saving on the costly exercise of having to fit out a new space with equipment, this is a turn key opportunity where new owners can move right in with no down time.
For more information and to organise an inspection, contact Elle Likopoulos' Team on 03 9566 7300.
Ref: B14559
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