Summary
Average weekly sales of $29,547 (over the past 2 years) - Excellent profit margins - Approx. 36kg coffee per week - Fully managed operation - Liquor licence until 1am for 112 patrons
Location Details
258 Glen Eira Road
About the Business
STUNNING VENUE | FULLY MANAGED | PROVEN PERFORMER
Elster is a highly regarded café in one of Melbourne’s most sought-after hospitality precincts, offering buyers the opportunity to acquire an established business with a loyal following, strong reputation and experienced team already in place.
Housed in a striking Tudor-revival style building, Elster pairs timeless architectural character with a stylish, recently renovated fit-out, creating a venue with standout street appeal and a memorable atmosphere. A popular brunch menu, quality coffee and all-day dining offering keep customers coming back, with more than 36kg of coffee sold weekly highlighting the strength of its established trade.
Averaging $29,547 in weekly sales over the past two years, Elster is a proven performer operating under full management. This is an attractive turnkey opportunity for buyers looking to step into an established hospitality business ahead of the busy summer trading period.
Featured in Broadsheet and The Good Food Guide, Elster combines an established name, a prime Glen Eira Road location and proven trading history. The venue also offers excellent versatility for private functions and events, with exclusive hire accommodating up to 100 guests.
BUSINESS HIGHLIGHTS:
- Average weekly sales of $29,547 over the past two years
- Excellent profit margins
- Fully managed operation with an established team
- Distinctive Tudor-revival style building
- Stylish, recently renovated fit-out
- 36kg+ of coffee sold weekly
- Prime Glen Eira Road, Elsternwick location
- Liquor licence for 112 patrons until 1am, seven days
- Rent: $7,423.04 + GST per month
- Trading seven days until 4pm
- Secure lease until February 2035
ASKING PRICE: $450,000 - $500,000 + Stock
Elster is a standout venue with an established customer base, experienced team and proven trading history, ready for its next owner to take the reins and capitalise on the busy summer months ahead.
Quality, fully managed cafés with this level of character and established trade are hard to find. Call Karli on 0409 965 650 to arrange an inspection.
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