Industrial Cafe - Freehold in Australia for 490000

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Description

This is a long-established and highly profitable hospitality business, operating since 1987 and under current ownership since 2007. After nearly two decades, the owner is ready to transition, creating an excellent opportunity for a capable operator. The business trades 5.5 days per week and enjoys a large, loyal customer base. It is fully staffed with 11 employees who manage daily cooking and service, while the owner focuses primarily on administration and occasional support. A new lease is available at $5,000 per month, or buyers have the option to purchase the freehold, which includes a two-bedroom residential apartment above the premises. The apartment can generate approximately $450 per week in rental income or be owner-occupied. The premises feature a fully equipped kitchen and service area that has recently been renovated and upgraded, ensuring efficient operations and a modern presentation. Key features: * Established business with decades of trading history * Strong weekly turnover of approximately $25,000 * Net profit exceeding $280,000 per annum * Fully staffed operation with minimal owner involvement * Recently renovated kitchen and service areas * New lease available or option to purchase freehold * Additional income from residential apartment or owner occupancy * Priced below two times net profit Price: * Business: $490,000 plus stock at value * Freehold: approximately $1.3 million, available only if purchased with the business This is a high-performing, turnkey hospitality operation with strong returns and flexible ownership options. Enquire now for further details or to arrange an inspection.

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