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COCO & THYME – FITZROY NORTH

COCO & THYME – FITZROY NORTH

Licensed Café for Sale

One of Fitzroy North’s best kept secrets. You know those places that you want to tell everyone about but also want to keep it all to yourself? Well Coco & Thyme is IT!

In an old fruit shop on St Georges Road, Coco & Thyme was established 18 months ago after taking over the old Jorg restaurant site. This enormous space (400sqm) has been meticulously renovated with a balance of industrial edge and comfortable touches; the original Oregon pine beams hang neatly in the large dining room with polished concrete floors, softened with olive-green banquettes and the tres chic French art-industrial Jielde lights and lots of natural light thanks to floor to ceiling windows on the St Georges Rd side of the building.

Coco & Thyme is open for breakfast & Lunch – 7 days. One of the real upsides to this business is to use the massive licensed space to its full capacity, you can run a private function for 100 in the back function area whilst still operating the café in the front area. A purchaser has the opportunity to either continue running the space as a day focused café & function venue or alternatively there is huge scope and demand to convert the space to a night focused venue.

This venue will not last long Call Karli on 0409 965 540 to arrange your inspection!

BUSINESS HIGHLIGHTS:
Strong weekly sales
The perfect owner/operator business
Fantastic lease with a very affordable rent in a high profile location on St Georges Rd
Seats 150 inside & 15 footpath
Well established with a great reputation in North Fitzroy
Open 7 days for Breakfast & Lunch
“Restaurant & Café” Liquor License until 1am – 7 days
Currently run as owner operator with highly trained team
Very popular for functions, weddings, birthdays & christening, mothers groups

LEASE AND RENT:
Current monthly rent: $7175.42 + GST
Commencement date of current term: 22nd October 2014
Lease term: Five (5) years
Further terms: Two (2) further terms of five (5) years each
Market reviews: At end of Lease period
Size of venue: 400 sq metres approx.

FIT OUT & EQUIPMENT:
All equipment fully owned and included in the sale (except Coffee machine/grinders are free on loan)
Full commercial kitchen with walk in Cool Room & Freezer
Huge storage facilities
1st class fit out & design, no expense spared
Spacious & well thought out kitchen

FUTURE OPPORTUNITY:
Blank canvas, nothing to spend on fit out, purchaser can put their own stamp on the venue very easily
Develop the function side of the business
Promote further through various social media, Facebook, Instagram twitter etc.

OFFERS INVITED – This business will suit experience Walk In Walk out hospitality buyers

Call Karli 0409 965 540 to arrange an inspection

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