ICONIC CAFE – PARKVILLE

Every iconic suburb needs its landmark venue, and this business is Parkville’s most talked about cafe.

Known for its delicious specialty coffee and exceptional food, this well-loved cafe is a true inner-city icon. The cafe is located at the base of a very busy corporate office building on a prominent and bustling main road and within walking distance to Melbourne Zoo, Melbourne University, Royal Melbourne & Frances Perry Hospitals and Optus Oval, plus there is also a large amount of street parking available in front of the cafe, perfect for tradies and long vehicles.

The cafe has a great history and has been well established for over 20 years. Having undergone a recent transformation with a stunning renovation including new fit out and furniture, new kitchen equipment and new POS system. The cafe also boosts a fresh and vibrant interior design and modern fit-out with a versatile floor plan to sit up to 100 patrons. The commercial kitchen has a great sized prep area, large walk-in cool room, grease trap, grills, flat hot plate, canopy, and plenty of storage.

The cafes’ carefully constructed menu is fresh, seasonally driven and beautifully colourful with plenty of vegan-friendly and gluten-free options. The menu is popular for its heaty brunch style meals and daily baked goods which are well received by its loyal customers which include a great mix between locals, corporates and tourists. The cafe also pumps out over 50kg of coffee a week, meaning this place is a real hit with the local caffeine lovers.

The cafe has shown strong and consistent turnover for many years, however, there is still huge growth potential in the business. This is ideal buying for anyone looking to invest in a proven and successful cafe with a fantastic reputation and very strong cash flow. With a genuine vendor ready to do a deal, there has never been a better time to buy and settle before EOFY. Call Marc to inspect 0412 359 907.

BUSINESS HIGHLIGHTS:

• Annual sales of $1.6 million
• Net profit of $350,000 pa
• 50kg of coffee a week
• Secure long lease until 2041 with affordable market rent
• Open Mon – Fri: 6.30am – 3pm & Saturday: 8am – 2pm
• Seats 100 patrons inside & outside
• Excellent modern fit out recently renovated with all equipment in excellent condition
• Well established brand but still opportunity for growth and expansion
• Excellent reputation with great reviews and strong social media presence
• Full training provided with all written systems and procedures in place to ensure a smooth handover

EOI Invited

Call Marc 0412 359 907 to inspect.