Foyer Cafe - Franchise - Under Management

Business Code: SF1488

Key Features: Popular franchise

State: VIC

Suburb: Melbourne, 3000

Location: Excellent address directly across from the train station and surrounded by hotels, offices and retail in the heart of the Melbourne CBD

Description

Cafe - foyer - lobby cafe - takeaway - franchise - selling 30 kgs. coffee as well as sandwiches, salads, cakes, freshly baked muffins and snacks - No cooking - Innovative concept of ready to go products.- 50 seats -22 level high rise building .5 days no cooking.

Summary

• Features: Brilliant foyer location - Nothing to spend - Long lease - New fit out - Good social media presence - Currently run under management- Captive market of customers - All inclusive lease with no outgoings or electricity -


• Potential: Opportunity to Increase sales as the building fills with tenants - Suit an owner operator or couple - Obtain a liquor license (STA) - This is a new business that is still growing.- Expand catering


• Premises: Street level foyer cafe with modern fit out and an area of 20m2 plus a large seating area available of 150m2


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


• Lease: Current lease expires Feb. 2028 - C.P.I. increases. - $120K bond is required - All inclusive lease with no outgoings.


• Employees: Profit is based on 2 owners working - Currently run under full management.


• Comments: Misc. - 1 - Franchise fee, 7% (which includes support) - Misc.- 2 - Other general expenses - Set up cost $250K in February 2018 This renovated building has 22 floors - Half the floors are already leased and many more new tenants will be moving into the building soon which will further increase sales and profit (sales could reach over $15k when the floors are full) - A 3 group La Marzzocco coffee machine is owned by the coffee company .-