Summary
Asking Price: $ P.O.A. + SAV Turnover: The advised turnover 2023 was approx.. $1.2M Full financials can be made available upon further request. Interested parties will be required to sign an NDA.
Location Details
108 LEICESTER STREET
Potential
OPPORTUNITIES FOR GROWTH:
•Extended Hours: Currently operating during peak breakfast and lunch times 5 days only, there is significant potential to extend opening hours into the evening to capture the dinner crowd.
•Marketing & Promotions - Implementing targeted marketing strategies, such as social media advertising, loyalty programs, and special promotions could attract a broader customer base.
•Interior Expansion - With a potential redesign or expansion of the dining area there's an opportunity to increase the number of covers.
Skills
Surrounded by notable neighbours such as Seven Seeds, Dan’s Deli, Humble Rays, Torissong, Prince Alfred Hotel, Victoria Market, Melbourne University, RMIT, Queen Victoria Market, etc, the location is part of a community undergoing continuous expansion precinct with developments in residential and commercial major projects.
Hours
MON TO FRI - 8AM TO 3PM
PRIVATE FUNCTION/ EVENTS MON – SUN (MOSTLY FRI/ SAT)
CATERING 7 DAYS
LICENCED 1AM - 124 PAX
Employees
STOVETOP OFFERS AN EXTENSIVE MENU FEATURING:
Breakfasts
Lunches
Events
Stovetop also excels in external catering, serving a broad client base for:
Office Meetings
Training and Conference Events
Private Functions
Reason for Sale
WHY STOVETOP?
Established Business - Over a decade+ of successful operations.
Strong Reputation - Loyal customer base
Growth Potential - Opportunity to expand services & client base.
Turn-key Operation - Fully equipped & ready for immediate operation.
Stovetop is a rare gem in the Melbourne market, offering a blend of tradition, quality, & potential for future growth. Ideal opportunity for an entrepreneur looking to invest in a thriving business with a solid foundation & room to grow.
About the Business
Boston Brokers proudly presents an exceptional opportunity to acquire the vibrant Stovetop Cafe, a highly esteemed establishment uniquely located in the heart of one of Melbourne’s bustling areas. With a sterling reputation cultivated since 2013, Stovetop has become a beloved fixture in the community, renowned for its quality offerings and loyal customer base.
This thriving business is now on the market due to our client's well-deserved retirement. Stovetop is perfectly positioned for new ownership to step in and continue its success.
Under our client's dedicated ownership, Stovetop has earned an excellent reputation for its delicious and diverse menu, catering to a wide range of menu preferences. The business has consistently garnered rave reviews and enjoys a robust repeat clientele.
Step into this delightful cafe, where rustic charm meets modern design. The rich aroma of freshly brewed coffee fills the air, blending perfectly with the daily-made pastries & sandwiches, salads and cooked breakfasts and lunch options that keep the cafe bustling with loyal patrons. With a reputation for exceptional coffee and mouth-watering treats, it’s no surprise the cafe is a favourite among locals and a popular stop during lunch rushes.
The interior is chic, industrial minimalism, decorated in calm tones of cream, blonde wood and pale beige. The space is flooded with natural light, thanks to expansive floor-to-ceiling windows that surround the front of the building. The warm timber accents and lush greenery from the large communal table create a welcoming, relaxed atmosphere. It's not just a cafe – it’s also an ideal venue for private functions, with its inviting décor and versatile layout providing the perfect setting for a memorable event. Whether you’re here for your morning coffee, a catch-up with friends, or to host a special gathering, this cafe offers a truly unique experience.
Their reliable and delicious options have made Stovetop a go-to choice for corporate and private events in the area:
In Prime Location: Stovetop's central Carlton location near Melbourne University and tram lines makes it easily accessible for various events.
Versatile Venue: Whether it's an intimate gathering or a bustling event, Stovetop's inviting and cosy atmosphere suits a range of occasions.
Culinary Excellence: With a menu brimming with delectable options, Stovetop ensures your guests enjoy delicious food and beverages during the event
WHETHER YOU ARE AN EXPERIENCED RESTAURANTEUR OR AN ASPIRING BUSINESS OWNER, THIS IS AN OPPORTUNITY NOT TO BE MISSED!]
History
THE SALE INCLUDES A WELL FITTED MODERN VENUE AND A RANGE OF ESSENTIAL ASSETS:
Fully Equipped Commercial Kitchen Equipment
Separate Coffee Section
Full Dining Seating Up To 100+ Patrons plus Outdoor Parklet
Separate Office & Storage Areas
Full Amenities
Long Secure Lease
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