Well-Established & Successfull business for Sale -Gift Store, Cafe & Catering

7 days ago

Location:
Williamstown 3016 > Melbourne - Greater > Victoria

Investment level:
$169,000 + SAV

Type:
Business

Industry:
Retail > Gifts & Florists > Florists

Private Seller

Send an enquiry

All personal information submitted by you as part of an enquiry will be used by us in accordance with our Privacy Policy
 

Summary

A fantastic opportunity to take on an established and unique business in seaside Williamstown. Offering 3 sucessful revenue streams, a loyal local following and a great fit out - like new!

Revenue

$950,000 pa

Rent

$115,000 pa

Expenses

$697,000 pa

Net Profit

$98,000 pa

Location Details

28a & 30 Ferguson St
Situated in character filled seaside community Williamstown, the business is the main shopping strip - and right next door to another great restaurant -creating a shopping and dining hub for the area.

Potential

*Online sales- currently only a bricks and mortar store - an online facet offers the opportunity to potentially double the retail revenue!
*Currently the cafe only trades days, however it features a full liquor license, offering great potenital add night trade.
Further Catering - boasting two existing catering agreements at offsite venues, the business hasn't yet branched into in home catering or take home meals - this is a big opportunity in the area & the kitchen was desiging to cope with more catering

Skills

The current owners fill the roles of Chef and overall Manager, however the business boasts a full and longstanding team. The business is a great opportunity for a passionate retail guru to extend their skills across the hospitality sector and take advantage of having a cafe at their store to draw in more custoemrs, or a hospitality couple or a chef to grow the food business to the next level.

Hours

Currently trading 7 days a week 830-6pm approximately, with events offsite often at night.

Lease

The lease is over two shop fronts that have been connected. Existing lease to 2027 with an option for another 10 years

Employees

Currently employing two Apprentice chefs, casual kitchen hands and a full front of house team of well trained casuals (some that work just weekends and some that work 25+ hours a week).
A new Head Chef would need to be employed for the new owners.

Reason for Sale

The best cafe/ retail store business opportunity in the Inner West! It was designed as a combined retail store, cafe & catering business by hospitality professionals returning to Melb for family reasons. However other business committments have come to fruition sooner than expected and they need to devote time & $ elsewhere. The business is listed for sale at an amazing price to free up the owners time - the fit out is like new and worth double the sale price. Take advantage of timing !!!

About the Business

Retail Store - the store has curated a wonderful range of homewares (some that are featured in the cafe), giftware, clothing and accessories, many handmade or produced locally with a focus on affordable gifting so that our clients visit the store weekly. With a few dining tables already in the retail space, it was always designed to allow the cafe to grow if business requires it but currently operates successfully as the store.

Cafe - operating as a high quality and great value for money cafe - the food is highly regarded in the area. The 50 seat indoor/outdoor cafe is fully licensed which aids in a higher spend per head. After 2 years of strong operation and building close relationships with local community groups, events and clubs, it has a loyal local following.

Catering - following building a great base business in the cafe and a reputation for high quality food, the business now enjoys two catering agreements offsite, allowing the business to capitalise on the kitchen set up and staffing during the quieter times. As the catering is local, this has helped to continually bring new people into the cafe also.

With multiple facets to the business, the business draws more visitation than many other locals businesses. People visit the store to shop, then stay for lunch or vice versa! Cross training of the team across all areas of the business helps reduce the cost of payroll. It also allows the business to make the most of its spaces during quieter business times - as they can be preparing for upcoming events etc. The unique nature of having the cafe, store and catering means that clients come to the business for many separate purposes and keeps the business front of mind in the community.

History

The founding owners are long term hospitality professionals that moved interstate to bring family closer together. The business was planned as a stepping stone to a bigger business plan, and to allow the owners to be close to home and current family committments. The business was specifically planned with many facets (cafe, store and caterign) to ensure the business competes in a local market and constantly drives new customers to its doors. Opereating now for two years, it has become a favourite amongst long term locals

Share this business

It looks like you’re quite fond of this business. Why not save it so you don’t lose it?
Do not ask again

Share this Ad


Cancel

Report this Ad


Cancel