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FAVOURITE FLAVOURS GELATERIA & CAFE

  • Bendigo
  • $380,000 plus SAV

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.

For more information, or to request a copy of the Information Memorandum, please contact Corey Harvey at Bendigo Business Sales on 0493 132 823.

Contact: Corey Harvey
Phone: 0493 132 823
Business ID: 2021306621
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Non Disclosure Agreement

Between the party listed below and Bendigo Business Sales.

Business ID: 2021306621
This Non-Disclosure Agreement (the "Agreement") is made and entered into on this day between Bendigo Business Sales and the person nominated on the web form.

1. Purpose

The purpose of this Agreement is to set forth the terms and conditions under which Bendigo Business Sales will disclose certain confidential information to the Recipient for the purpose of evaluating a potential business transaction (the "Purpose").

2. Definition of Confidential Information

For purposes of this Agreement, "Confidential Information" means all non-public, proprietary or confidential information disclosed by Bendigo Business Sales to the Recipient, whether disclosed orally or disclosed or accessed in written, electronic, or other form or media, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information includes, but is not limited to, business plans, financial data, customer information, marketing strategies, and any other proprietary information.

3. Obligations of the Recipient

The Recipient agrees to the following obligations:
  1. Maintain the confidentiality of the Confidential Information and not disclose it to any third party without the prior written consent of Bendigo Business Sales.
  2. to use the Confidential Information solely for the purpose of discussing and considering the opportunity offered by the Client.
  3. not to use or allow the Confidential Information to be used to gain a business or other advantage to the Company, the Recipient or other party not to allow the use of the Confidential information to arm or disadvantage the Client.
  4. to discuss the Confidential information only with, or disclose the Confidential information only to, those employees or to those professional advisors who must have agreed to be bound by this Confidentiality Agreement and who undertake to maintain strict security over the Confidential Information.
  5. to keep the Confidential Information and all copies, notes and other records of the Confidential Information under its control.
  6. to return all Confidential Information and all copies, notes and other records of the Confidential Information to Bendigo Business Sales immediately on being requested to do so by Bendigo Business Sales.
  7. not to discuss the Company’s or the Recipient’s interest in the business either indirectly or directly to with the vendor’s landlords, suppliers, customers, employees or with any other party: and
  8. not to disclose to any party the Confidential Information or that any discussions are being or have been held in respect of the Confidential Information or in respect of the Client or in respect of the opportunity offered by the Client.

4. Exclusions from Confidential Information

Confidential Information does not include information that:
  1. Is or becomes publicly available without breach of this Agreement by the Recipient;
  2. Is rightfully received from a third party without restriction on disclosure and without breach of a nondisclosure obligation;
  3. Is independently developed by the Recipient without use of or reference to the Confidential Information; or
  4. Is required to be disclosed by law or court order, provided that the Recipient promptly notifies Bendigo Business Sales of such requirement and cooperates with Bendigo Business Sales in seeking a protective order or other appropriate remedy.

5. Term

This Agreement shall commence on the date first written above and continue in effect until terminated by either party with thirty (30) days written notice. Notwithstanding the termination of this Agreement, the Recipient’s obligations with respect to Confidential Information disclosed during the term of this Agreement shall survive for a period of three (3) years from the date of disclosure.

6. No License

Nothing in this Agreement shall be construed as granting any rights to the Recipient, by license or otherwise, to any Confidential Information or any patents, trademarks, or copyrights of Bendigo Business Sales.

7. No Obligation

Bendigo Business Sales does not make any representation or warranty as to the accuracy or completeness of the Confidential Information. The Recipient agrees that Bendigo Business Sales shall have no liability resulting from the use of the Confidential Information by the Recipient.

8. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Victoria, Australia, without regard to its conflict of law principles.

9. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous understandings or agreements, whether written or oral, regarding such subject matter. This Agreement may only be amended or modified by a written agreement signed by both parties.

10. Counterparts

By submitting your details in this web form you agreeto be a counterparty to this non-disclosure agreement. By submitting this form Bendigo Business Sales are the accepted counterparty to this agreement. Please review this draft carefully and make any adjustments necessary to fit the specific needs and legal requirements of Bendigo Business Sales. Consulting with a legal professional is also advisable to ensure compliance with Australian laws and regulations.

11. Restrictions on Use of Artificial Intelligence Tools

  • a) The Recipient must not, and must ensure its Representatives do not, input, upload, submit, or otherwise disclose or use any Confidential Information, including any Information Memorandum, financial statements, or other materials provided during this transaction, in any artificial intelligence tool, machine learning system, or similar technology, unless the tool's applicable terms confirm the Confidential Information will not be used to train or improve the underlying model, and will not be retained beyond what is reasonably necessary to generate the requested output. For the avoidance of doubt, this excludes most free or consumer versions of publicly available artificial intelligence platforms, which commonly use inputs for model training by default.

  • b) The Recipient warrants that it has made reasonable enquiry into a tool's applicable terms before relying on paragraph a), and remains responsible for any breach of this clause by its Representatives. The Recipient acknowledges that a breach of this clause may cause immediate and irreparable harm to the Discloser, as Confidential Information disclosed to an artificial intelligence tool cannot reliably be recovered or deleted, entitling the Discloser to seek injunctive relief in addition to any other remedy available under this Agreement.