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UNDER OFFER A Lucrative and Immaculately Fitted Cafe in a Prime Location $149,00
Internal Ref: B15084
Summary
An exciting opportunity is now available to secure a long-standing hospitality business in the heart of busy Cheltenham.
Revenue
$546,000 pa
Rent
$34,740 pa
Lease
5 years commenced 1 May 2023
About the Business
An exciting opportunity is now available to secure a long-standing hospitality business in the heart of busy Cheltenham.
Positioned on a large corner site, this well-known local favourite has been operating for over 10 years and is recognised for its popular burger offering, casual dining appeal and strong local presence.
Currently generating approximately $10,000–$11,000 per week, the business offers a solid foundation with significant upside for an energetic operator. There is clear potential to increase takings by opening earlier to capture neighbouring trade with coffee, breakfast and expanded café-style offerings.
The premises are exceptionally well set up, featuring ample indoor seating, a large commercial kitchen, cool room, liquor licence, generous front-of-house space and plenty of secure off-street parking. The generous front-of-house area also provides excellent scope to expand the menu, introduce catering, grow the café side of the business or create a stronger dine-in and evening trade.
Secure lease of 5 years commencing 1 May 2023, providing confidence for the next owner, landlord is open to extending and cheap rent!
The business is easy to operate, with staff support in place and the current owner willing to provide a smooth transition and handover.
Open to all offers and particularly suited to buyers with a budget between $100,000–$200,000.
To arrange a confidential inspection or request further information, please contact:
Elle Likopoulos
Absolute Business Brokers
0481 608 460
[email protected]
Ref: B15084
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