SOUTH MELBOURNE CAFE/ EATERY COVENTRY STREET, SOUTH MELBOURNE VIC 3205
BUSINESS Detail
BUSINESS DESCRIPTION
Boston Brokers is excited to present this well-established and highly regarded quaint cafe & take-away business in the vibrant South Melbourne Shopping Precinct. Ideally situated within a vibrant mix of commercial and residential properties and right in the centre of the area’s bustling retail precinct, this cafe enjoys high foot traffic and a devoted customer following.
Renowned for its top-quality food, specialty coffee, and exceptional service, this cafe has cemented itself as a local favourite, attracting both loyal regulars and new patrons daily. On the sunny side of the street this is a popular refuelling spot for locals, market goers, corporates and exhausted shoppers who frequent the numerous boutiques that line Coventry Street. The large windows are the feature of this small establishment and, while it would be easy to sit and 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 and grab-to-go without the wait. The menu is designed around simple, high quality food; Boasting a stylish fit-out, a fully equipped kitchen, and 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 and profitable turnkey business presents the ideal opportunity for those dreaming of owning and running a coffee shop. With a strong social media following and 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 and a strong, loyal customer base
- Prime corner location in a high-street retail and 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, and equipment included
- Recent leasehold, equipment, and operational improvements made
- Trade fixtures and 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 and 30 seats outside, enjoying northern sun exposure
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.
SUPPORT & TRAINING
A comprehensive handover service will be provided to ensure a smooth transition for the new owner.
TENURE & RENTAL
Leasehold: 10+ years
Rental: $57,000 per annum
OPERATING HOURS
Monday – Sunday: 8:00 AM – 3:00 PMSTAFF
Semi-Absentee owners with a full management team in place.
FINANCIAL OVERVIEW
Sales Turnover: $1,130,000 per annum
Business Price: $350,000+
Financial Information available upon request
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.
