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Takeaway Food business for sale in Balaclava

  • Takeaway Food
  • Balaclava VIC 3183
  • $230,000 - $265,000 (GST na)

Fully Managed Israeli Cafe 9 Yrs 8% Rent

Internal Ref: 32457-872539

Summary
Fully managed long-standing health food business with detailed systems, excellent margins and short hours. This simple formula has been established 9 years now with year on year growth. Long lease.

Rent
$44,564 pa

Net Profit
$162,800 pa

Location Details
Inner South East Melbourne. The sunny side, on the right side, of the right street. Anchor tenants of Banks, Post office and national food retailers. No vacancies in this tightly held strip of prime Melbourne retail. Affluent suburb. A genuine loved local haunt.

About the Business
Currently under management - this business is operating with little to no marketing.
Owner has committed in other very successful projects and as such this is an ideal opportunity for an owner operator to reap from the current design, location and very functional/user friendly set-up and growth potential with systems in place.

A simple offer selling Falafel, Pockets and Wraps, Burgers, Salads and Juices. Vegetarian and Vegan options also.
Full Commercial kitchen

• Walk in Cool room
• Large storage area
• Rear lane access
• Double fryers
• Chest freezer
• Dishwasher
• Commercial under bench fridges

Overall seating for 88 people- 50 in back courtyard area- ideal for private functions or outdoor dining, 26 internal and 12 outside on front pavement, a further draw for passers-by.

A very strong online following compliments this strong brand, registered name and refined business model & allows this business to stand out among the cookie cutter competitors aplenty on main street.

The business also has potential as a business owned by an applicant for the Business Innovation and Investment Permanent subclass 888 Business Innovation Stream. It will meet the requirements of $300,000 Turnover and the Australian Employee requirement can be met at the discretion of the owners. This would be suited to current holders of the subclass 188 business innovation stream temporary visa.

Lease - 2027
2.5 3 3 remaining. 6 months into a 9-year lease.

Rent
$5,666 PM | $1,950 incoming from residential upstairs.
Shop rent $857 PW 8 % approx.

Hours
Currently 5.5 days. 7 day if desired.

Skills
Staff Management, Customer Service, Basic food prep, Business admin. All included in training and ongoing support.

Training
3 weeks

Potential
Addition of liquor license to create a ‘speakeasy’ style bar area at the rear in the courtyard serving minimal bar nibbles from existing menu.
Promotion of catering currently only obtained from walk in and word of mouth.

Reason for Sale
Other very successful business and its growth.

History
9-year trading history. 4-years in current location.

Keen vendor, genuine buyers are encouraged to Contact Sean McBride on
0404 478 829 for a full Information Memorandum

Business Highlights

Business ID2015387621
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Category
Last updated  20 Jun 2019
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