Listing Number: 32457-944488
Rent $135,861 pa | $2612 pw | Turnover $1,148,940 $22K PW - 12% RENTAL
OWNERS EARNINGS / NET PROFIT: $Confidential
Two of South Melbourne’s landmark food scene’s as one company or as individual businesses for sale. Simple menu’s and semi managed operation with high turnover and great margins.
Surrounded by local offices, Fox and Triple M studios/offices, only metres from South Melbourne market. A high tourist area with many Air B+B and serviced apartments also within metres. The sunny side of the street provides constant passer by traffic.
About the Business| Owners contribution
Serving Coffee, juices, breakfast and lunch only. A simple menu with Frittata, sausage rolls, sandwiches and pastas served from the front counter makes for an easy model, freeing up the kitchen to control cooked to order items with ease. No Chef required, kitchen can be maintained by a competent short order cook, again providing comfort that aspect is under control.
73 total seating, 45 inside and 28 out. Arrangement with neighbouring tenants currently permitted.
Owner currently works 30 hours PW.
A strong name and brand stand also for this business with a very on trend and modern fit-out, even the hipsters will approve this joint.
A strong online following on Instagram and Facebook with no active Marketing in place. This business is well known and thrives on word of mouth and reputation.
A huge well-equipped kitchen with rear lane access also comes with:
• Walk in cool room
• Gas convection oven
• Double sinks and rinse arm
• Upright service fridge
• Stick mixer, blenders, juicer, meat slicer and more
• Dish washer
• Deep fryer
• Huge storage area
• Hatch to front of house for ease of service
• Full exhaust &grease trap
• Grill and 16 Gas burners
• 4 metre stainless prep bench
Two businesses: 12 and 16 years remaining, respectively
7 days Café
Staff Management, Customer Service, Basic Business admin, Coffee making a bonus
There is an upstairs area on this lease currently not under use, potential to renovate and lease as a residence or extend seating and open at night as a Bar. An outdoor area is included in this space, perfect for a roof-top style bar- subject to extension/amendment of current license usage.
Promote current set up for use as a function space, evenings.
Addition of Uber eats, Deliveroo and Menu log to increase sales.
Addition of cakes & snacks to Coffee area for additional sales.
Upgrade of Website to further enhance catering.
There is ample profit in this business to facilitate a Marketing budget to grow even further the current strong brand.
Reason for Sale
Family and new business venture options
18-year trading history.
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $ 350,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 0
- Inventory: $ 0
- FF&E: $ 0
- Reason for Selling: Other Business Ventures
- Category: Restaurants