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, but there are further real opportunities for a new and energised ownership team

About this business

<div>19 year old caf&eacute; &amp; catering business established by the current owner - &nbsp;</div> <div>&nbsp;</div> <div>it&rsquo;s the first time the business has been available to buy.</div> <div>&nbsp;</div> <div>In current financial year revenue is 23% up on same period last year</div> <div>&nbsp;</div> <div>Situated in Eaglemont, one of Melbourne&rsquo;s most exclusive suburbs, on the charming, heritage Eaglemont shopping strip.</div> <div>&nbsp;</div> <div>The modern cafe is the default &lsquo;local&rsquo; and seats 40-45 inside, and up to 12 outside. Incorporates a functional commercial kitchen and plenty of storage space.</div> <div>&nbsp;</div> <div>With a secured lease in place for 8 years with potential to add option(s).</div> <div>&nbsp;</div> <div>*Note the lease includes an upstairs 2 bedroom flat.</div> <div>&nbsp;</div> <div>Includes:</div> <ul> <li>Currently open 6 days only (Monday &ndash; Saturday)</li> <li>Revenue (based on most recent 4 months); <ul style="list-style-type:circle;"> <li>has averaged around $17K (ex GST) per week</li> <li>is approximately 23% up on the same 4 months in 2020</li> </ul> </li> <li>20KG - 25KG (approximately) coffee per week</li> <li>8 years (including option) left on 2 leases. Potential to add a further option(s)</li> <li>Lease 1 includes a 2 bedroom flat above the caf&eacute; which could be lived in or rented at around $400 per week</li> <li>Cafe is a key part of the historic Eaglemont Village</li> <li>Spacious premises seat about 40-45 indoors and up to 12 outdoors</li> <li>The cafe is well equipped, with modern equipment, a functional commercial kitchen and a large number of storage spaces</li> <li>Rear access is available for deliveries</li> <li>Situated next to Eaglemont Train Station</li> <li>Ample public car parking around the cafe</li> <li>Beautifully presented cafe with great heritage charm</li> <li>This is very strong and stable business for the current owner but there are a range of opportunities to increase revenues including <ul style="list-style-type:circle;"> <li>Opening 7 days</li> <li>Resuming full breakfast service (this was scaled back in 2020)</li> <li>Home deliveries</li> </ul> </li> <li>Owner moving and now selling for the first time</li> </ul> <div>Offers above $300,000.</div> <div>&nbsp;</div> <div>Owner ready for a quick handover.</div> $300,000