Long Established Clientele Cafe / Restuarant
CafÃ© / Restaurant â€“ First Time offered in 15+ years. A Monopoly in the Area. Magnificent views NORTH THE RIVER.
This well presented CafÃ© / Restaurant has never been offered before for sale. Itâ€™s been a long established consistent money maker. The current owner is wishing to retire and handover the well-oiled machine to a new owner.
This restaurant specialises in authentic Italian Cuisine which is renowned for its signature dishes, which the current owner is willing to pass on the recipes.
The cuisine could be easily changed if require, the area and the location is the key.
Open 7 days a week. Very steady income and net profit over the past 15+ years, which highlights a consistent and vibrant operation awaiting new owners to jump into the driverâ€™s seat. The new owners of this automated restaurant will bank returns of 40 â€“ 45% ROI under management. If they choose to work within the business themselves this ROI will go to 55%. Two years and it is PAID. Year 3, 4, 5 â€¦â€¦â€¦â€¦. Itâ€™s in the bank!
Secondly the area is under significant development, which multi-level apartments are in construction, which means â€¦â€¦â€¦.. A lot more patrons to come. Get in now and watch your business double.
Some detailed particulars:
- Fully Licensed
- Turnover $1.6m
- ROI 40-45% ROI under management.
- Gross Profit Steady at 68% every year for the past 4+ years
SELLERS HAVE REQUESTED THAT NO DIRECT CONTACT BE MADE TO THE BUSINESS. A Confidentiality Agreement and Buyer Profile indicating proof of ability to purchase will be required prior to inspection of Financial's and any further details.
PLEASE ENSURE YOU ARE ELIGIBLE TO BE APPROVED UNDER LIQUOR LISCENSING ACT