Growing Café and Catering Business for Sale

Growing at record rates. Established with same owner for last 19 years. Want to live onsite? Upstairs 2 bedroom apartment included in lease.

Industry: Food/Hospitality - Café/Coffee Shop, Food/Hospitality - Catering, Food/Hospitality - Takeaway Food, Retail - Cafe, Retail - Food/Beverage, Retail - Retail Food | Listed by: Kerr Capital

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

19 year old café & catering business established by the current owner -  
 
it’s the first time the business has been available to buy.
 
In current financial year revenue is 23% up on same period last year
 
Situated in Eaglemont, one of Melbourne’s most exclusive suburbs, on the charming, heritage Eaglemont shopping strip.
 
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) per week
    • is approximately 23% up on the same 4 months 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
  • This is 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.
 
Owner ready for a quick handover.

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Business Name / Ref

Growing Café and Catering Business

Asking Price

$300,000


Revenue

$17K - $18K per week (ex GST) - up 23% on last year


Year Established

2002


No. of Employees

Contact the business


Gross Profit

Contact the business


Fixtures

Modern equipment, a functional commercial kitchen and a large number of storage spacest the business


Stock

Contact the business


Lease

Contact the business


Trading Hours

Contact the business


Contact Details

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Location

13/397 Smith Street
Fitzroy, Victoria
3065, Australia

Advertiser Details

Business Brokers and Advisors

Location

13/397 Smith Street
Fitzroy, Victoria
3065, Australia

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Growing Café and Catering Business for Sale ListingImage
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>

Revenue:$17K - $18K per week (ex GST) - up 23% on last year

Year Established:2002

No.of Employees:Contact the business

Gross Profit:Contact the business

Fixtures:Modern equipment, a functional commercial kitchen and a large number of storage spacest the business

Stock:Contact the business

Lease:Contact the business

Trading Hours:Contact the business

Website:https://www.facebook.com/Eaglemont-Dish-1565624913661955/

$300,000