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Spacious Takeaway Business inside a Popular University – Ref: 14857
Summary
Sales of $1,200,000pa - Net profit of $300,000 pa - 30kg of coffee pw - Iconic business with almost 40 years of trading history - Prime High Street location - high foot traffic - New 10-year lease
Location Details
72 HIGH STREET
About the Business
Step into a slice of Northcote history with Phil’s Bakehouse & Cafe, an iconic local institution trading for almost 40 years. Perfectly positioned in the heart of bustling High Street, this much-loved bakehouse has earned a loyal following for its traditional offerings, warm service and unbeatable location. With strong weekly sales and a proven bottom line, this is a rare opportunity to acquire a business with real substance and a stellar reputation.
The cafe offers a nostalgic, welcoming atmosphere with both indoor and outdoor seating, making it a go-to for locals, workers, and weekend wanderers alike. With its wide street frontage and constant foot traffic, Phil’s Bakehouse & Cafe enjoys enviable exposure in one of Melbourne’s most dynamic retail strips.
From fresh pies and pastries to cakes, slices, gourmet wraps and sandwiches, the food offering hits all the right notes. Paired with specialty coffee and a range of cold drinks, the menu is designed for all-day appeal, dine-in or takeaway.
Behind the scenes, the business is well-established with solid systems and experienced team in place, an excellent kitchen and bakery setup, and plenty of prep and storage areas to support both current trade and future growth. Whether you're a seasoned baker, café operator or hospitality entrepreneur, Phil’s Bakehouse & Cafe represents a low-risk, high-return acquisition in a much sought-after inner-north location.
BUSINESS HIGHLIGHTS
- Annual sales of $1,200,000+
- Net profit of $300,000 pa
- 30kg of coffee a week
- Iconic business with almost 40 years of trading history
- Prime High Street Northcote location with high foot traffic
- Popular menu featuring pies, pastries, cakes, slices, fresh wraps & sandwiches
- Experienced team and smooth operational systems in place
- Excellent bakery & kitchen equipment with ample prep and storage space
- New secure 10-year lease (5+5 years: 2025–2035)
- Full training and handover provided
- Comprehensive due diligence/trial period on offer
PRICE: $350,000 – $400,000 + Stock
Phil’s Bakehouse & Cafe offers more than just a great coffee and bite to eat – it offers a chance to own a well-respected business with roots in the community, proven profitability, and potential to grow.
To arrange an inspection or to discuss this opportunity further, call Marc on 0412 359 907.
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