Industrial Cafe - Freehold

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 profitPrice:* Business: $490,000 plus stock at value* Freehold: approximately $1.3 million, available only if purchased with the businessThis is a high-performing, turnkey hospitality operation with strong returns and flexible ownership options. Enquire now for further details or to arrange an inspection.