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Ringwood North VIC 3134

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Cafe & Function Venue - Good Location, Profitable, Popular & Perfect for Growth!

Phone enquiries - please quote property ID 33721.
Fully licenced cafe/Restaurant/Function Venue for a 100-seats located in a prime shopping strip on Warrandyte Road in Nth Ringwood offering HUGE opportunities for growth.
Well established for 18yrs, successfully run for 8 years with the current owner, this licenced café/restaurant offers not only an everyday café but also hosting for a variety of functions such as birthdays, engagements and other events with a huge double-storey venue.
Owners are only trading Mon-Sun, during the day. However, there a huge opportunity to extend hours to include evening trade, especially in this location, potentially increasing profits even further. Additionally, the location of the property is near 3 primary schools and 2 churches, making it a popular spot within the community during the day.
The sale of the business includes everything on a walk in walk out basis.
NOTE: All fully equipped with excellent bar, commercial kitchen, fixtures and fittings. More than your average! Full list can be provided.
The premises itself is modern, clean, and spacious, with a glass front entrance and full-height alfresco doors that lead to outdoor seating areas. The main level features a spacious bar and barista area, while the upstairs boasts a large seating area, kitchen, and toilet facilities.
The layout of the property is designed to maximise the potential for dual access, outdoor seating areas, and a large rear parking area. This design has been well received by customers and function clients, making the business a popular choice for events.
The business is currently under family management with existing staff well-trained and easily adaptable, making the onboarding process for new owners a hassle-free experience.
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Property Details for Contact Agent For Address, Ringwood North

Building Type
Commercial

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About Ringwood North 3134

The size of Ringwood North is approximately 5.2 square kilometres. It has 19 parks covering nearly 10.4% of total area. The population of Ringwood North in 2011 was 9,656 people. By 2016 the population was 9,823 showing a population growth of 1.7% in the area during that time. The predominant age group in Ringwood North is 50-59 years. Households in Ringwood North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood North work in a professional occupation. In 2011, 87% of the homes in Ringwood North were owner-occupied compared with 85.7% in 2016.

Ringwood North has 4,004 properties. Over the last 5 years, Houses in Ringwood North have seen a 38.31% increase in median value, while Units have seen a 19.80% increase. As at 31 August 2024:

  • The median value for Houses in Ringwood North is $1,268,381 while the median value for Units is $843,446.
  • Houses have a median rent of $610 while Units have a median rent of $550.
There are currently 8 properties listed for sale, and no properties listed for rent in Ringwood north on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Ringwood north.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.