1 Sydney Road, Coburg VIC

For Sale



Phone enquiries - please quote property ID 19258

SENSATIONAL LOCATION. This Cafe/Restaurant is fully equipped and is up for a quick on a 'walk-in, walk-out' basis. It is located with excellent 2-street frontage at the intersection of Moreland Road and Sydney Road in Coburg. The cafe is 100 metres from Moreland Station (Upfield line). There are two trams stops at the intersection (Number 19 stop 28, Number 6 stop 132) and a bus stop at the door!

SPACIOUS PREMISES covering approximately 104 sqm with 40 seats in two air conditioned areas. The front area has a full commercial ‘galley’ kitchen, a large Bain Marie, a Sandwich Bar, an excellent Coffee Machine and grinder, Pie warmer cabinet and a Muffin bar. We have Streets Ice cream and Coca Cola Drinks cabinets. The other area is a ‘family room’. We have 2 toilets, a large Cool Room approximately 2.2m x 1.3m and an Office room with a computer and Internet connection and a store room with plenty of shelf space. The premises have 4 security cameras connected.

UNPRETENTIOUS friendly Coburg cafe with modest prices enjoying a regular, loyal clientele. Easy menu, no fancy chef required. Especially popular are the all-day breakfasts and the COFFEE, as well the fresh sandwiches/salad rolls. We serve light meals such as schnitzels, fish n chips and curries and snacks. The owner has happily run the business for nearly 5 years but is retiring due to medical reasons and needs to sell quickly, so this is a good opportunity for a new owner. You may wish to give it a face-lift, but otherwise it is running fine.

HUGE POTENTIAL. This is a growing residential area. There are two 24-hour hospitals and several other offices and businesses nearby, including Centrelink, AMES and the Dolma Hotel. Great opening for a hard-working couple or beginners to own a running business in this great location.

PROFITABLE BUSINESS. Rent $820/ week. Takings were approximately $6,000 per week when we were open 7am to 7pm, 7 days a week! BAS statements available for last 3 years. However, current takings are less, due to shorter opening hours, less staff and restricted menu. Your income totally depends on your friendly staff, the quality and price of the food and the opening hours.

FULLY EQUIPPED. Running cafe/restaurant, nothing to buy. All crockery, cutlery, cooking utensils, kitchen appliances included. An EFTPOS facility is connected and a cash register is provided. Reliable suppliers, well established credit history. All council compliance up to date. Great landlords, friendly and flexible.

EXCITING OPPORTUNITY for the right buyer. Price negotiable. Handover training can be provided. Long lease till 2022 (renewable options) being signed, hurry to get it signed in your name. Reluctant sale.

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