, MILL PARK 3082
For Sale $129,000
[This property is Under Contract]
Damon Ambatzis

View phone number

Absolute Business Brokers
7/18-22 Lexia Place,
Mulgrave, VIC 3170


Food/Hospitality for sale


For Sale $129,000

$8,000 per week

Business Details

SOLD - Milk Bar Convenience Business For Sale in Mill Park

This is an excellent example of a traditional MILK BAR / CONVENIENCE STORE with a great location in MILL PARK.

- Current owner has been operating the business for 15 YEARS and is ready to RETIRE
- Ideal location next to KINDERGARTEN and PRIMARY SCHOOL means plenty of TRAFFIC especially during school times
- Taking around $8,000 PER WEEK, this business is capable of generating much more turnover
- Great 5 YEAR LEASE with landlord prepared to offer further options to suit buyer
- Good RENT of $663 PER WEEK includes the SHOP AND RESIDENCE
- Fantastic and spacious 3 BEDROOM RESIDENCE attached to the shop perfect for family living
- Residence consists of master bedroom with WIR and ENSUITE, two large bedrooms with BIRs, a large kitchen, family/dining area, large lounge room, sizeable bathroom and spacious yard
- Secure 2 CAR lock-up GARAGE with private driveway

The owner currently runs the business very simply selling primarily drinks, ice-creams, cigarettes, sweets and some basic groceries. There is plenty of potential for the new owner to grow the business by simply adding things such as fresh baked goods sourced from a local bakery, dry cleaning drop-off/pick-up service, and a wider variety of groceries and general goods.

There is also POTENTIAL for a buyer to utilise the existing SANDWICH BAR that is currently not being used by the owner. By serving fresh sandwiches, some HOT FOOD and incorporating COFFEE into the business and providing seating under the verandah, a new owner could be very successful and even venture into things such as catering for the kindergarten and primary school.

A hard working owner should be easily able to turn this milk bar into a very profitable business.

For further information, or to arrange your inspection, please call DAMON AMBATZIS on Click to call

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Convenience Store
  • Highlight Feature: Close to Kindergarten
  • Highlight Feature: Close to Primary School
  • Highlight Feature: Great Community
  • Garage Spaces: 2
  • Other Parking: 5
  • Total Parking Spaces: 7
  • Turnover: $8,000 per week
  • Lease Term: 5
  • Current Rent: $663 per week (inc GST)
  • Lease Current Annual Rent: Stand Alone
  • Attached Dwelling: YES
  • Trading Hours: 6:30am - 9pm
  • Operating Days: 7.0
  • Number Of Staff Members: 2
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Absolute Business Brokers
7/18-22 Lexia Place,
Mulgrave, VIC 3170

Phone: 03 9566 7300
Fax: 03 9561 4400

Damon Ambatzis
Phone: 03 9566 7300
Mobile: 0402 225 989

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