Melbourne VIC 3000
$300,000.00

$300,000.00
SUMMARY
Growing Cafe and Catering Business for Sale
PROPERTY DETAILS
Price
$300,000.00
Location
Melbourne , VIC
Listing Type
Businesses For Sale
Property Type
Unspecified
DESCRIPTION
Phone enquiries - please quote property ID 28681.

19 year old cafe & catering business established by the current owner - first time the business has been available to buy. Situated in Eaglemont, one of Melbourne’s most exclusive suburbs, on the charming, heritage Eaglemont shopping strip.
KEY STRENGTHS
* Established, and well loved local favorite business in unique, heritage shopping strip
* Lease includes an upstairs 2 bedroom self contained apartment that could be rented or lived in by new business owners
* Recent growth in ‘traditional’ business is circa 23% year on year,
* Further real opportunities for a new and energised ownership tea
* Current financial year revenue is 23% up on same period last year
The modern cafe is the default ‘local’ and seats 40-45 inside, and up to 12 outside. Incorporates a functional commercial kitchen and plenty of storage space.
With a secured lease in place for 8 years with potential to add option(s).
*Note the lease includes an upstairs 2 bedroom flat.
Includes:
* Currently open 6 days only (Monday – Saturday)
* Revenue (based on most recent 4 months) has averaged around $17K (ex GST) pw (approx 23% up on same 4 mths in 2020)
* 20KG - 25KG (approximately) coffee per week
* 8 years (including option) left on 2 leases. Potential to add a further option(s)
* Lease 1 includes a 2 bedroom flat above the café which could be lived in or rented at around $400 per week
* Cafe is a key part of the historic Eaglemont Village
* Spacious premises seat about 40-45 indoors and up to 12 outdoors
* The cafe is well equipped, with modern equipment, a functional commercial kitchen and a large number of storage spaces
* Rear access is available for deliveries
* Situated next to Eaglemont Train Station
* Ample public car parking around the cafe
* Beautifully presented cafe with great heritage charm
* Very strong and stable business for the current owner but there are a range of opportunities to increase revenues including

* Opening 7 days
* Resuming full breakfast service (this was scaled back in 2020)
* Home deliveries
* Owner moving and now selling for the first time
* Offers above $300,000 will be considered. Owner ready for a quick handover.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
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