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Food, Beverage & Hospitality business for sale in South Melbourne

  • Food, Beverage & Hospitality
  • 269 Coventry Street South Melbourne VIC 3205

Giddiup Cafe

Boston Business Brokers is pleased to welcome to the market Giddiup Cafe which is a quaint café & take-away business in the vibrant South Melbourne shopping precinct, conveniently located Giddiup cafe sits on the corner of Coventry and Francis Streets. The 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; Famous Reuben sandwich or Kinda Cuban Baguette, bagels from 5 & Dime and salads that change daily. Monday to Friday the menu consists of sandwiches and salads as well as breakfast dishes served until 11am. On the weekend these are replaced by an all-day breakfast menu including Huevos Rancheros, Eggs Atlantic and Bircher Muesli.

Everything from the Tuscan vegetable and bread soup to the smoked salmon and avocado is made in the cafe’s compact kitchen. Coffee is from the Melbourne Coffee powerhouse
St Ali. . If the sun is shining you can eat lunch in the outdoor seating area. Eating in is an option made all the more attractive due to the minimal-meets-industrial aesthetic created with bare floors, huge windows, built-in bench seating and milk crate tables. There’s also a side door that leads directly into Vincent 2 design space, which adds to the concept and inbound traffic, so after lunch you can browse Swedish homewares and furniture.

Successfully run since 2010, this lucrative and profitable turnkey operation is the perfect opportunity for those who have always dreamed of owning and operating a coffee shop. This shop already has a strong social media following and is a fixture in the local community. It is also ideal for those who like to take over an already established profitable operation that has the potential for additional growth.

– This is a multi-facet business so would suit a couple/family or investor
– Successful, well established with high level of trade & strong loyal regular customer base
– Making and selling their products onsite from the fully equipped commercial kitchen
– Simple menu and easy to operate
– Numerous recent leasehold, equipment and operational improvements
– Trade fixtures and fittings are owned outright and will be included in the sale
Sales Turnover: $890,000 per annum, closed 2 weeks.

TENURE: Leasehold 5×5×5 years
Rental: $42,000 per annum

The business is open:
Monday – Sunday
7am - 4pm

Absentee owners with a full management team in place.

Trading information will be made available to seriously interested parties who have viewed the business premises and signed the Confidentiality Agreement.

Business Highlights

Business ID2014247621
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ParkingAsk Business Broker
Annual returnAsk Business Broker
Last updated  15 Mar 2018
Map for 269 Coventry Street South Melbourne VIC 3205269 Coventry Street South Melbourne VIC 3205
Boston Business Brokers
333 Latrobe St Melbourne VIC 3000

Ask Nathan Lihari about this business

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