Food, Beverages & Hospitality Business For Sale in Albert Park Melbourne VIC

SALES TURNOVER: $30,000 PER WEEK

PRICE: CONTACT AGENT

In this cosmopolitan Bayside Village neighbourhood we have an amazing opportunity for you to own this sophisticated Café/ Bar/ Restaurant that is licensed for 140 plus seats, the premise has a great ambience which sets the mood for any occasion and has been a staple in the community for over 3 decades with a strong reputation and terrific high level of regular and repeat trade. This is perfect for an owner operator to come in and run the current operation as is and hit the ground running, and with its full service kitchen any chef-driven concept/cuisine would thrive.

FEATURES:

- Serves Breakfast & Lunch, operating 7 days

- Well established turnkey opportunity in prime trading location

- Fully licensed with outdoor footpath dining area

- Long secure lease

- Excellent rental terms and conditions

- Full equipped commercial kitchen with walk in cool room

- Beautifully maintained venue with superb fittings, fixtures and equipment

- Suit any concept/theme, Café by Day, Restaurant, Wine Bar, International Cuisine by Night

- Owner will ensure you have the training & support to continue the success

LEASE DETAILS:

• Lease: 2x5x5 Years
• Rent: $6,500 per month + GST
• Rent Review: Every 5 Years
• Security: 3 Months’ Rent

PREMISES:

• Circa 140+ Covers Restaurant
• One-of-a-Kind Modern Contemporary Open Space Venue
• Double Storey Premises
• Fully Equipped Spacious Commercial Kitchen
• Footpath Dining
• Current Opening Hours: Monday – Sunday, 7 am - 4 pm
• Fully Fitted, With Excellent Fixtures, Fittings, And Equipment
• Includes 2 Car Parks

LOCATION HIGHLIGHTS:

Thriving Community Precinct: The café is situated within a bustling community precinct, surrounded by a diverse range of specialty businesses. This creates a dynamic atmosphere and generates additional foot traffic, offering ample opportunities for collaboration and cross-promotion.

• Prime Stand Alone Albert Park Position

The neighbourhood is a culinary haven, boasting renowned names and diverse offerings:

• Neds Bakehouse
• O’Connells’s Hotel
• Dundas & Faussett
• Village Wine Bar
• The Albert Park Hotel

...just to name a few!

ESTABLISHED CUSTOMER BASE:

With its excellent reputation, the café has built a loyal customer base that appreciates its high-quality food, exceptional service, and attention to detail. Regulars and new patrons alike are drawn to the café’s delightful ambiance, making it a popular choice in the area.

WELL-EQUIPPED: The café is fully equipped, ensuring a smooth operation and efficient service. The kitchen is well-designed to facilitate streamlined workflows, he business model is simple and efficient with procedures and processes in place.

TRADING & FINANCIALS:

Strong Financial Performance: This café has a proven track record of success, demonstrating consistent financial performance over the years. Detailed financial statements will be made available to serious buyers, highlighting the excellent revenue and profit margins achieved.

• Managed by the current owner for more than 3 years
• Cafe Gross Sales Revenue: Circa $30,000/week ($1,400,000/year) (As per the vendor)

POTENTIAL FOR GROWTH:

The cafe presents numerous avenues for expansion, including extending operating hours, introducing a delivery service, hosting events & private parties, or diversifying the menu to capture a wider customer base.

This is a tremendous opportunity to purchase a true lifestyle business in one of the most desirable neighbourhood areas in Melbourne and as such early viewing is highly recommended as this outstanding business is not to be missed!

Contact exclusive selling agent: Boston Brokers [Phone Number Censored]