A Much-Loved Bendigo Institution - An Exciting Business Opportunity!
$380,000 + SAV
An Iconic Local Business. A Prime Lakeside Location. An Opportunity to Make It Your Own!
Opportunities to purchase a business with this much history, character and established customer loyalty don't come along every day!
Bendigo Business Sales is delighted to present Favourite Flavours Gelateria & Cafe, a much-loved Bendigo institution, perfectly positioned opposite the beautiful Lake Weeroona.
With more than 20 years of trading history, an established reputation and a loyal customer following, this is an exciting opportunity to step into a thriving hospitality business with strong foundations already in place.
This is not a start-up or an unproven concept. Favourite Flavours has built its reputation through dedication, quality products, creative flavours and genuine connections with its customers. Locals and visitors alike keep coming back for the quality, consistency and welcoming atmosphere that make this business so special.
THE GELATO – MADE FRESH ON SITE!
At the heart of Favourite Flavours is its own on-site gelato and sorbet production. Using quality commercial production equipment, the business creates its products on site, giving the owner complete creative control over flavours, consistency and production costs.
For a new owner, this presents an opportunity to continue the traditions customers love while introducing new ideas, flavours and products to keep the business evolving.
SO MUCH MORE THAN A GELATERIA!
Favourite Flavours is also a fully operational cafe, offering breakfast, brunch and lunch, providing multiple income streams and attracting customers throughout the day. The extensive menu includes light meals, toasties, hearty dishes, cakes and sweet treats. Coffee is a strong part of the daily trade together with smoothies, milkshakes and takeaway options adding to the offering.
Adding further appeal is an established wholesale component, with Favourite Flavours supplying its quality gelato to local restaurants. This provides an additional revenue stream beyond the retail and cafe trade, with exciting potential for a new owner to expand wholesale relationships and grow this side of the business.
Its enviable position opposite Lake Weeroona makes it a natural destination for families, locals, visitors and those enjoying everything the lake precinct has to offer.
Not a franchise
Importantly, this is an independent business with no franchise fees or ongoing royalties. You have the freedom to run the business your way, retain the profits and build on an already established and successful operation.
WALK IN, TAKE OVER AND START TRADING!
One of the standout features of this opportunity is the substantial investment already made in quality commercial plant and equipment. Much of the equipment has been purchased or upgraded in recent years, including two new gelato display freezers. The business is being offered with an extensive asset base, allowing a new owner to step in and continue trading without the need for significant immediate capital expenditure.
BUSINESS HIGHLIGHTS
- Over 20 years of trading history - an established and recognised Bendigo business.
- Outstanding lakeside location - directly opposite Lake Weeroona and its popular regional play space.
- Excellent customer reputation - 4.5-star Google rating from more than 350 reviews.
- Generous seating capacity - seating for 79 customers, including a recently created outdoor area ideal for children's parties and private functions.
- Established team - trained and experienced team of 12 staff.
- Quality equipment -significant recent investment in commercial plant and equipment, including two new gelato display freezers.
- Additional event opportunities - gelato cart and sign-written van included, ready for markets, events and private functions.
- Wholesale potential - existing supply arrangements with local restaurants, with scope to expand.
- Secure tenure - lease secured until April 2028, plus a further 3-year option (to April 2031), with the landlord open to a longer lease for an incoming owner
- Training and support - comprehensive handover and training provided, including the gelato-making process.
AN OPPORTUNITY TO MAKE YOUR MARK!
After more than five years of ownership, the current owners are looking for the next custodian of this iconic Bendigo business. The foundations have been thoughtfully built and carefully nurtured, giving a new owner the ideal platform to preserve what customers already love while bringing fresh energy, ideas and vision for the future.
Whether you are an experienced hospitality operator, an ambitious owner-operator or someone looking to acquire an established business with multiple revenue streams, a strong local following and significant infrastructure already in place, Favourite Flavours deserves your attention.
