SOLD

Phone enquiries - please quote property ID 19036

FREEHOLD COMMERCIAL PROPERTY in a PRIME LOCATION, Atherton.
Rented and bringing in Good Returns
A rare find indeed for the astute buyer.



Gallery 5 has been operating for 11 years. Since the opening in 2005 the owners have never looked back. Specialising in great coffee and homemade food the business is well supported by the locals, visitors and travelers alike.

The business operates with good systems and all of the recipes and operating equipment are included in the sale. All fixtures, fittings and equipment are included in the sale. It has a fully equipped commercial kitchen with commercial s/steel appliances and bench tops. Excellent display fridges and seating for around 60 people both inside and out. Stock will be sold at valuation, which is usually around $20-$30k.

The business has 3 income streams:-

The café/food – Gallery 5
Catering (caters for even government workshops and other businesses)
The Gift Shop – carries homewares and gift items

Currently run by a husband and wife team with an additional 13-15 casual/rostered staff.

The business currently trades 7 days per week with the opportunity to extend to night hours (as the demand is there) especially if new owners obtained a liquor licence.

Gallery 5 has an excellent reputation and is being sold as a genuine going concern. All financials can be provided to interested buyers.



THE FREEHOLD:-

The land size is 809m2 with TWO frontages. Main frontage is approximately 20m wide and is in a prime location in Atherton amongst other good quality businesses and only 500m to the shopping centre. The rear frontage is an extra bonus for easy access for deliveries or for any other businesses that could be run from there. The building holds the café and uses only half of the capacity (around 260m2). The other remaining half is vacant and can be used for multiple purposes (i.e. storage or other retail/offices.

The land is zoned for up to 6 shops and there is currently only one!



THE COMMERCIAL POTENTIAL

There are a multitude of options for the new owner:-

Carry on running the business as an owner operator and earn good profits.
Sell the business component separately and lease back the premises
Add to/develop other shops/offices (permit would be required) and lease the premises
Obtain a Liquor Licence for night trading

Endless opportunities. Owner is only selling due to a change of circumstances. This is an exciting opportunity, no matter which way you look at it.

Selling at a modest price – your enquiries are welcome.