PILLAR OF SALT - RICHMOND
Melbourne cafe Institution | Strong profits | Minimal owner involvement.
Pillar of Salt presents a rare opportunity to acquire one of Melbourne's best-known cafe destinations, backed by a loyal following, an established reputation and an experienced team.
Generating consistent weekly sales of $29,000 - $31,000 and an average net profit of approximately $5,000, the business delivers strong financial performance under semi-management, with minimal vendor involvement and an experienced team in place.
The stylish fit-out extends to a seriously cool rear courtyard with a fully retractable awning, creating a standout space for year-round dining.
Positioned on a prominent Church Street corner in one of Richmond's most tightly held hospitality precincts, Pillar of Salt is renowned for its quality brunch menu, strong coffee trade and enduring customer appeal.
BUSINESS HIGHLIGHTS
- $29,000 - $31,000 average weekly sales
- Net profit of $5,000 a week
- Semi managed with an experienced team in place
- Approx. 40kg coffee per week
- Seating for 52 inside / 73 outside
- Liquor licence until 1am, 7 days
- Rent $1,800 per week inc. GST + outgoings
- Long-term lease until May 2035
- Trading 7am - 3pm weekdays / 8am - 3pm weekends
PRICE GUIDE: $500,000 - $550,000 + Stock
Businesses offering this combination of sales, profitability, management structure and long-term lease security are not frequently available, particularly in a tightly held Richmond location. Call Karli on to discuss further.
Just Business Brokers | Hospitality Business Specialists
For more details, please email broker or call agents.
