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Discover Financial Freedom Unique Passive Investment Opportunity!
Summary
SOUTH MELBOURNE MARKET PRECINCT
Location Details
COVENTRY STREET
Potential
This is a highly lucrative opportunity for a new owner, with potential to drive further growth through strategic changes. On behalf of the owners, Boston Brokers is seeking a buyer who has a genuine passion for the food & beverage industry and is eager to maximise the business's potential while maintaining its reputation for excellent customer service in the local community.
Viewing is highly recommended.
Skills
SUPPORT & TRAINING
A comprehensive handover service will be provided to ensure a smooth transition for the new owner.
Hours
OPERATING HOURS
Monday – Sunday: 8:00 AM – 3:00 PM
Lease
TENURE & RENTAL
Leasehold: 10+ years
Rental: $57,000 per annum
Employees
STAFF
Semi-Absentee owners with a full management team in place.
Reason for Sale
There is significant potential to increase turnover by extending the business’s opening hours, possibly by introducing evening service as a diner or bistro (subject to relevant permissions). Additionally, a new owner could launch a targeted marketing campaign to further promote the cafe and its offerings, driving greater customer engagement and awareness.
About the Business
Boston Brokers is excited to present this well-established & highly regarded quaint cafe & take-away business in the vibrant South Melbourne Shopping Precinct. Ideally situated within a vibrant mix of commercial & residential properties & right in the centre of the area’s bustling retail precinct, this cafe enjoys high foot traffic & a devoted customer following.
Renowned for its top-quality food, specialty coffee, & exceptional service, this cafe has cemented itself as a local favourite, attracting both loyal regulars & new patrons daily. On the sunny side of the street this is a popular refuelling spot for locals, market goers, corporates & exhausted shoppers who frequent the numerous boutiques that line Coventry Street. The large windows are the feature of this small establishment &, while it would be easy to sit & watch the day go by, the focus here is on fresh food, fast. It’s a place where hordes of busy workers can duck in & grab-to-go without the wait. The menu is designed around simple, high quality food; Boasting a stylish fit-out, a fully equipped kitchen, & a strong reputation, this cafe is a fantastic opportunity for a savvy owner-operator or investor looking to step into a thriving hospitality business. It’s well-positioned for continued success and growth.
Successfully operating since 2023, this lucrative & profitable turnkey business presents the ideal opportunity for those dreaming of owning & running a coffee shop. With a strong social media following & a well-established presence in the local community, this cafe is not only profitable but also primed for further growth. It’s perfect for buyers looking to take over a successful, established operation with great potential for expansion.
• Multi-faceted business ideal for a couple, family, or investor
• Well-established with a high level of trade & a strong, loyal customer base
• Prime corner location in a high-street retail & tourist precinct, adjacent to major retailers & South Melbourne Market precinct
• Outdoor alfresco dining area with ample seating
• Onsite production from a fully equipped commercial kitchen
• Simple, easy-to-operate menu designed for efficiency
• Excellent fixtures, fittings, & equipment included
• Recent leasehold, equipment, & operational improvements made
• Trade fixtures & fittings are owned outright and will be included in the sale
• Growth potential through expanding service hours
• Business benefits significantly from its prime South Melbourne location
• Premises feature 30 seats inside & 30 seats outside, enjoying northern sun exposure
History
FINANCIAL OVERVIEW
Sales Turnover: $1,130,000 per annum
Business Price: $350,000+
Financial Information available upon request
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