Melbourne VIC 3000
$300,000.00

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.

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