Location:
Albert Park 3206 > Melbourne - Greater > Victoria
Investment level:
$350,000
Type:
Business
Industry:
Food & Drink > Coffee, Cafes & Restaurants
Landmark deli, café and gourmet food destination with 50+ years of loyal trade, stunning $600k+ fit-out, premium inner-city position and major growth potential. 1.5 Mill turnover - an absolute bargain
A rare opportunity to secure one of Melbourne’s most recognised and long-standing deli, café and gourmet food businesses, located in one of the city’s most affluent and tightly held inner-city suburbs.
Trading for over 50 years, this iconic business is a genuine local institution with deep goodwill, strong brand recognition and a loyal customer base of locals, professionals, families and food lovers.
Following a change of ownership in 2021, the current Vendors invested over $600,000 into a stunning renovation and high-quality fit-out, with the total initial investment exceeding well over $1 million. The result is a beautifully presented deli, café, provedore and gourmet food destination with nothing further to spend.
Now offered at a substantially reduced price, this is an outstanding opportunity for an experienced operator to acquire a blue-chip hospitality business with history, infrastructure, goodwill and serious upside.
Key highlights include:
Iconic food business with 50+ years of trading history
Prime position in a premium village-style retail precinct
Over $1.5 million turnover
Over $600,000 spent on renovations and improvements
Total initial investment exceeded $1 million
Strong local following and long-standing goodwill
Highly popular gourmet take-home meal range
Liquor licence until 1:00am
Includes upstairs apartment as part of the lease
Additional income of $2,000 per month from one upstairs office room
Long lease with further option available
Seven-day trade with major scope to grow
The business offers gourmet deli products, café items, coffee, specialty pantry goods, ready-made meals and highly sought-after take-home food. The take-home meal range is a major drawcard, attracting busy locals and nearby professionals seeking quality home-style meals without the hassle.
For a savvy operator, there is enormous potential to expand corporate catering, online ordering, local delivery, weekly meal packs, functions, tastings, evening trade and a deli-by-day, wine-bar-by-night concept.
Rent is $3,038.21 + GST per week, with an additional $2,000 per month income from one upstairs office room. The premises include the ground floor business plus upstairs apartment.
This is not just another café. It is a genuine Melbourne food institution with over 50 years of history, a premium fit-out, loyal customer base, liquor licence, additional income stream and enormous untapped potential.
High-profile opportunities like this are rarely offered to the market.
For further information, please contact Grita Angelucci.
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