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Melbourne - North East, VIC
Food/Hospitality - Café/Coffee Shop
Listed by Kerr Capital
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Melbourne - North East, VIC
Food/Hospitality - Café/Coffee Shop
Listed by Kerr Capital
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.

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

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