Inner Northern Suburbs Café And Milk Bar In Parkville For Sale

Overview

  • Business services, Services
  • Property Type

Description



Parkville,
Victoria, Australia

Asking Price:


$100K – $250K

(AUD)
Furniture / Fixtures and Inventory / Stock included

Sales Revenue:

$390,000
(AUD)

Cash Flow:

Available on request

Established Milk Bar / Café for sale in inner North Melbourne suburb. Located at a busy tram stop, solid online trade via Uber/DoorDash as well as walk in trade. Currently doing 8kgs coffee per week and approx. $9k weekly takings. All equipment owned outright except coffee machine which is under lease. Equipment includes fryer, sandwich presses, 6 commercial fridges, griddle, freezers, POS system, printers, couches, furniture, CCTV system & more

Weekly rent of $500 ($2500 per month) with 3 years remaining and 2 further 2 year options. Also includes 2 bedroom residence. Commercial kitchen and separate prep kitchen. Seats 16 inside with potential to add another 6 out front on a very busy street in a sought after location.

Very well established brand with 4.9 star ratings on both Uber & DoorDash with reliable trade both instore and online. Low costs to run and solid profits. Definite room to expand offering

Full financials available. Selling due to relocation overseas.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

3 year with 2 remaining and further 2 year option

Leasehold Rent:

$30,000 (AUD)
per annum

Living Accommodation:

2 bedroom residence at rear

Location:

Prime bush thoroughfare on busy tram route in very sought after location

Premises Details:

Heritage listed shop in small group of shops

Size in square feet:
92

Business Operation

Expansion Potential:

Definite possibility to expand menu and add in outdoor dining

Competition / Market:

Thriving café & neighbourhood shopping precinct – although each catering to different markets – not in real direct competition

Reasons for selling:

Relocating overseas unexpectedly. Regretfully, started the business and been with it since day one

Trading hours:

7am-2pm 7 Days

Employees:
4
Years established:
5

Other Information

Support & training:

Can provide handover & have full training manuals ready to go

Furniture / Fixtures value:
$68,000 (AUD)
– included in the asking price
Inventory / Stock value:
$4,500 (AUD)
– included in the asking price



Source link

Address

  • City Canberra
  • Country Australia

Details

Updated on March 8, 2023 at 7:54 pm
  • Property Type: Business services, Services
  • Property Status: For Sale

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