THE ICONIC JOURNAL CAFE 253 FLINDERS LANE - MELBOURNE VIC 3000
BUSINESS Detail
BUSINESS DESCRIPTION
Boston Brokers is exclusively retained to find a purchaser for this well-established Melbourne CBD based Licensed Cafe. Located in a busy and highly sought after laneway location with great exposure, in a high foot traffic vibrant precinct. Having successfully served the local community for over 20+ years, the cafe has established itself as a popular destination for coffee enthusiasts and brunch aficionados alike. The business has created a strong and distinct brand offering a range of artisan coffee and brunch fare with food prepared only using the finest seasonal produce and freshest ingredients. This business is poised to grow by extending opening hours through to include dinner service and evening drink service.
“This isn’t just a café: it’s an out-of-Melbourne experience.”
Operational Excellence: A key component of the cafe’s success lies in its experienced and dedicated team of nine staff members. The staff’s passion for quality service and commitment to providing an exceptional customer experience have been instrumental in fostering a loyal customer base and attracting customers.
- Solid goodwill & reputation
- Established brand & business process
- Exciting growth potential
- Award Winning business
- Loyal & Affluent Customer Base
- Experienced & Capable Staff
- Open Days/times: Monday-Friday: 7am-3pm, Saturday 8am- 4pm, & Sunday: 8:30am-3pm
TIME OUT SAYS
Housed within the City Library and CAE building it’s not surprising that bookish types and students call this place home. Kill time over a latte and a newspaper at the large communal tables or share a tomato and buffalo mozzarella bruschetta with friends at the couch seating along the wall.
BROADSHEET MELBOURNE SAYS
It’s the smell of rich Italian coffee, fresh produce, and the unique sense of community that makes Journal one of Melbourne’s best places to unwind.
BUSINESS OVERVIEW:
Annual Turnover: Approximately $1,300,000 (inc GST)
Net Profit: Circa $200,000
Years in Operation: 20+ years
The premises benefits an On-Premise 11pm alcohol license for 83pax
KEY HIGHLIGHTS:
1. Financial Success: The coffee shop has consistently achieved a noteworthy annual turnover of approximately $1,300,000, resulting in a net profit of around $200,000.
2. Experienced Team: The coffee shop is semi- managed by the owner, complemented by a dedicated team of full time & part-time staff members.
3. Secure Premises: Benefit from a secure lease with an impressive 6 years remaining, ensuring stability and an advantageous business environment, on an annual rent of $65,000 per annum.
4. Top-Ranked: Enjoy the distinction of being ranked No.1 in the area on platforms like Trip Advisor, outshining many competitors. This attests to the coffee shop’s outstanding reputation and customer satisfaction.
5. Ample Seating: Boasting a seating capacity of 38 indoors, with the added advantage of accommodating up to 20 patrons outdoors.
6. Premises: Occupying a spacious double fronted shop, the coffee shop benefits from high visibility and ample foot traffic.
7. Brand Identity: The business has successfully established a robust brand identity, complete with a trademark, contributing to its recognition and customer loyalty.
8. Online Presence: The coffee shop maintains a polished and informative website, facilitating online orders, reservations, and enhancing customer engagement.
This is an exceptional chance to acquire a well-regarded coffee shop business that has already demonstrated a strong track record and room for further growth. Interested parties are encouraged to express their interest and submit offers for consideration. The vendors will be prepared to remain involved with the business for a pre-agreed handover period to enable the new owners to settle in.
Financial Information: Detailed financial records, including audited accounts and financial projections, will be made available to serious and qualified buyers upon signing a Non-Disclosure Agreement (NDA).
Next Steps: If you are interested in exploring this unique investment opportunity further, we kindly request you to express your interest. Upon receipt of your expression of interest, we will initiate the process of sharing comprehensive business information, subject to the execution of a Non-Disclosure Agreement.
Contact Agent: Nathan Lihari 0411 988 999 nathan@bostonbrokers.com.au
