Cafe - Foyer Cafe - Franchise - Under Management- Takeaway - Franchise - Espresso - Cafe - Sales $14,100 P.w. - Melbourne Cbd - 5 Days

Business For Sale Melbourne, Victoria 3000

Business Category

$298,000

Description

Cafe - Foyer Cafe - Franchise - Under Management- Takeaway - Franchise - Espresso - Cafe - Sales $14,100 P.w. - Melbourne Cbd - 5 Days

Cafe - Foyer Cafe - Franchise - Under Management- Takeaway - Melbourne CBD - Agent SBX Code Number: SF1593

Cafe - Foyer - Takeaway - Franchise - Selling coffee as well as full breakfast and lunch, sandwiches, salads, cakes, freshly baked muffins and snacks - Full kitchen plus cool room - 60 seats inside.

Potential
Suit an owner operator or couple - Obtain a liquor license and there is already a bar area set up (STA) - This is a strong business that is still growing and sales increasing .- Expand catering and functions

Features
Very long lease - Beautifully renovated - No competition - Target market of customers - High foot traffic - Nothing to spend.

Premises
Street level corner cafe with an excellent modern fit out and an area of 200m2 plus a large seating area.

Location
Foyer franchise cafe with a prime corner location in a busy legal building surrounded by hotels, offices and retail in the heart of the Melbourne CBD legal precinct.

Trading Hours
5 days - Mon. - Fri. - 7 a.m. - 4 p.m.

Lease
Current lease expires Feb. 2028 + 5 + 5 year options - CPI yearly increases - 3 month bond

Employees
1 Manager + 2 part timers + 5-6 casuals

Comments
Misc. - 1 - Franchise fee fixed $550 p.w. inc GST and 2% marketing fee ( The marketing fee of 2% begins 1 year after purchase and is waived for the first year) - Misc.-2- Other general expenses. - The 3 group coffee machine and grinders are owned by the coffee company. - Newly renovated and fully occupied building as at December 2019 - The Managers wage of $1500 p.w. has been removed from wages and shown in net profit as if for an owner operator.- Closed during Covid-19 (March - Dec. 2020) Franchise agreement and training costs are extra and can be discussed at a meeting with the Franchisor - Current sales January $10K p.w. and the sales shown are the Jan. - Dec. 2019 average weekly sales. A must to inspect but please be very discreet.

Agent SBX Code Number: SF1593 - Sydney Business Exchange
Contact Seller
SBX Business Brokers

Bsale ID: 529458
Broker REF: SF1593

SBX Business Brokers
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