Internal Ref: B15125
Summary
A standout opportunity to acquire a thriving cafe and hospitality business in Bundoora, successfully operated by the same owners for approximately 12 years.
Revenue
$1,092,000 pa
Rent
$76,308 pa
Lease
Lease commenced June 2022 with two further five-year options
Reason for Sale
Vendors selling due to relocation overseas
About the Business
A standout opportunity to acquire a thriving cafe and hospitality business in Bundoora, successfully operated by the same owners for approximately 12 years.
This is much more than your typical cafe. Over the years, the business has developed into a versatile hospitality destination, combining a busy daytime cafe with takeaway, catering and a dedicated function offering. Its longevity and strong local following provide an excellent foundation for an incoming owner, while the different areas of the business offer plenty of scope to continue developing the operation.
One of its biggest advantages is the size and versatility of the premises. In addition to generous indoor and outdoor dining, a separate function room allows the business to accommodate corporate gatherings, celebrations and private events without relying solely on everyday cafe trade.
The established team and systems provide a solid operational structure, while the six-day daytime schedule offers an attractive lifestyle compared with many hospitality businesses of this scale.
Key Features
Average takings of approximately $21,000 per week
Established and under the same ownership for 12 years
Monday–Friday 6am–4pm, Saturday 7am–3pm, Sunday closed
34 indoor seats plus 18 outdoor
Dedicated function room accommodating approximately 30 guests
Experienced full-time, part-time and casual team
Rent approximately $6,359 PCM including GST and outgoings
Lease commenced June 2022 with two further five-year options
Vendors selling due to relocation overseas
With strong turnover, long-term lease security and an established platform already in place, this is an exciting opportunity for an experienced operator, family business or hospitality group looking for their next venture.
For more information and to arrange an inspection, contact Chris Panagiotidis on 0433 582 533
Ref: B15125
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