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POPULAR CAFE – KEW

Kew 3101
UNDER OFFER

Description

Purchasers are always looking to buy the best cafe with the lowest overheads. Having really low rent is one of the best ways to keep your profits high, and this popular cafe has one of the cheapest rents going around. With a net rent of approximately $6,200 a year*, it doesn’t get much better than that, especially in the heart of the affluent suburb of Kew surrounded by multiple private schools and great parks.

This sleek, well-designed, light-filled cafe is a hidden gem of Kew. The cafe is open 7 days for breakfast & lunch and has a strong focus on premium specialty coffee serving 40kg a week.

The cafe is located in an excellent corner position and is brightly lit with wide floor to ceiling windows and has a great open and versatile floorplan. The fit out is a modern mix of whitewash walls, brushed concrete fixtures, blonde wood and dark green lined interior giving the space a very cool and welcoming feel. The cafe has a strong takeaway trade, however, there is seating inside for 26 and 8 outside plus there is a rear outdoor space that is currently unused that could be converted into extra seating/courtyard area.

This cafe is currently run under semi management and has provided a great passive income to the current vendors. However, the cafe could also benefit greatly from an experienced owner/operator, as it’s now time for one lucky buyer to take the business to its next level of success.

BUSINESS HIGHLIGHTS:

  • Average weekly sales $18,000 – $19,000
  • Net profit b/w $180,000 – $200,000 pa
  • Incredibly low net rent $6,200 approx. + outgoings a year*
  • 40kg of coffee a week on average
  • Seats 26 inside & 8 outside
  • Secure 16-year lease in place
  • Open 7 days for breakfast & lunch
  • Fantastic location in the heart of Kew surrounded by schools
  • Easy to operate menu – minimal staff required
  • A local institution with a great reputation
  • Under semi management (vendor works 10-18 hours a week)

PRICE RANGE $350,000 – $400,000 + Stock

Call Karli 0409 965 540

*Net rent due to subtenant agreement in place.

  • Kew 3101, Melbourne, Australia
Karli Dunham
Karli Dunham
0409 965 540
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