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Bakery/Cafe ($45k+ per week)

SOLD

  • ID Ref BR1332
  • Suburb Melbourne
  • State VIC
  • Status Sold

Business Description

BAKERY/CAFE - Superbly located in South Yarra, this bakery and cafe offers a delicious range of artisan breads, delectable pastries, and a range of sweet and savoury delights. All products are made daily, on site, using the purest of ingredients and time-honoured baking techniques by an incredibly talented and loyal team of workers.

ASKING PRICE: $500,000 plus SAV

SNAPSHOT
- Weekly Sales: averaging in excess of $45,000 per week (FY18 YTD)
- Coffee Sales: 50-55kg per week
- Open 7 days per week from 7.30am to 4.00pm
- Seating available inside and kerbside for cafe offering
- Attracts daily regulars, drop-ins, tourists and destination eaters
- Very strong social media presence: Instagram (35.9k followers), Twitter (7k+ followers), Facebook (2.5k+ likes)
- Located in a thriving, established suburb of Melbourne with diverse population yet still experiencing significant development and growth

LEASE
- Current term commenced in January 2017 for a period of 5 years
- One (1) further term of 5 years
- Annual rental $65,000 plus GST with annual increases of 3%

STRENGTHS/ BENEFITS
- Unique and appealing design
- Huge following of loyal customers around Melbourne
- Doing some wholesale, but massive growth opportunity for someone experienced in this area
- Very competitive lease in one of Melbourne's busiest and most vibrant areas
- Perfect opportunity for an investor or experienced operator

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1332.

A full Information Memorandum will be provided only after the completion of a Confidentiality Agreement.

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Business Features / Snapshot

Your Business Broker

Boyd Ryan

Business Location

Melbourne, Victoria 3000