Speciality Coffee/Cafe Business Impacted by COVID - For...

Speciality Coffee/Cafe Business Impacted by COVID - For Sale

Stock Included: — Stock Value: —

Years Est: — Gross Revenue: —

Business ID: BS145886

Must Sell as Business Under External Administration – All offers Will be Considered.

Must Sell ! This is a fantastic opportunity to take over a cafe business with great presentation that was enjoying a steady growth trend pre COVID. All offers will be considered.

Due to the impact of COVID, this business trading as Plantation Coffee is under external administration. The Administrator (David Henry Sampson and David Anthony Hurst of BPS Recovery) has appointed Xcllusive Business Sales to handle the sale of the business.

What is for Sale ?

The business has 3 cafes operating under the “Plantation Coffee” brand at Mentone, Westfield Southland and Eastland Shopping Centre in Victoria. Sale include all assets and intellectual properties.

The Mentone site is currently trading (currently taking between $6,000 to $7,000 per week) with a team of employees working in the business.

The Southland and Eastland sites operate within a Myer store. Prior to COVID, Southland’s outlet was taking between $6,000 to $7,000 per week and Eastland was $4,000 to $5,000 per week. Both sites ceased trading in Dec 2020 due to the COVID outbreak in Victoria at that time.

Purchaser will take over existing lease and agreement, or negotiate a new lease or agreement with the respective landlord.

The Opportunity

Prior to COVID, the businesses were showing steady growth.
This is an excellent opportunity for a Purchaser to take over all the business assets and intellectual properties of the business at a price that will likely below the replacement cost of the equipment and fitout.

The arrangement to have the Plantation Coffee operating with Myer is a unique and attractive arrangement. A new operator can restart the cafe businesses within the two Myer stores, and there is potential to expand the concept to other locations.

Offers are invited from parties to buy and take over:

-The business as it is currently setup with all three stores “as is”
-Only the Mentone operations as a going concern
-One or both of the cafes setup within Myer stores at Southland and Eastland

If you are an experience cafe operator looking for an opportunity in this market with the potential in the longer term, this will be the one that is well worth your consideration.

FOR SALE BY EXPRESSION OF INTEREST. ALL OFFERS WILL BE FORWARDED TO ADMINISTRATOR FOR CONSIDERATION. CLOSING DATE 12 FEB 2021

Contact Xcllusive Business Sales for further information.

Additional Details