Chattel Sale – Well-Set-Up Food Business with Huge Growth Potential in Mitcham

$50,000

Chattel Sale – Well-Set-Up Food Business with Huge Growth Potential in Mitcham

$50,000

Location: Mitcham (VIC)

Summary:
Seize this chattel sale opportunity to own a fully equipped food business in a high-traffic Mitcham location. With low rent and expansion potential, it’s perfect for aspiring entrepreneurs or experienced operators.

Opportunity Overview:

A fantastic chattel sale opportunity to acquire a fully equipped food business in the heart of Mitcham. This sale includes all commercial-grade equipment, allowing a new owner to start their own venture without the hassle and expense of setting up from scratch. With huge growth potential, the space can be expanded into a restaurant + supermarket, maximizing profitability.

Key Features:

→ Fully equipped commercial kitchen with assets valued at $50,000
→ Chattel sale – purchase the setup and launch your own business
→ Affordable monthly rent of $2,080 (including GST)
→ Handover and guidance provided – no prior experience required
→ High-traffic location with strong footfall and customer demand
→ Massive potential to expand into a dine-in restaurant + supermarket

Why Consider This Opportunity?

→ Save thousands on setup costs with a ready-to-go business
→ Strategic location with excellent exposure and growth potential
→ Ideal for first-time business owners or experienced operators looking to scale
→ No prior marketing efforts – huge room for brand building

Reason for Sale:

The current owner is 74 years old and looking to retire, making this a rare opportunity for a motivated buyer to take over a fully equipped and operational food business at a fraction of the startup cost.

For more information or to arrange an inspection, contact:

Asif Ahammed
0451918152
asif.ahammed@abbass.group

Confidentiality Agreement

IN THIS AGREEMENT:

“The vendor’s agent” is from ABBASS Business Brokers (Address: 102 / 24 Albert Road, South Melbourne VIC 3205)

WHEREAS:

The vendor is the proprietor of the business
The prospective purchaser
- Warrants that it has the financial capacity to purchase the business;
- Wishes to have more information (“the information”) about the business for the purpose of deciding whether to purchase the business;
- Acknowledges that the information could cause serious loss and / or damage to the vendor should the information become known to third parties; and
- Acknowledges that the vendor and / or the vendor’s agent have sole discretion as to the content

IT IS AGREED AS FOLLOWS:

In consideration of the vendor providing the information to the prospective purchaser, the prospective purchaser agrees and undertakes as follows:
- Not to make direct contact with the vendor or any member of the vendor’s staff without prior written consent of the vendor’s agent
- Not to enter into any negotiations or an agreement to purchase the whole or any portion of the business except through the vendor’s agent
- That subject to clause 1.4 of this agreement and in the absence of prior written consent to the contrary from the vendor, the prospective purchaser shall keep confidential and not disclose, suffer or permit the disclosure to any person of the fact of the business being offered for sale or of any matter contained in the information
- Not to use or permit the prospective purchaser’s professional advisers to use the information for any purpose other than for the exclusive purpose of assessing the suitability of the business for the purpose of purchase by the prospective purchaser and then only on the basis that the prospective purchaser shall:
  - Inform the prospective purchaser’s professional advisers of the existence and terms of this agreement;
  - Be responsible to ensure that the confidentiality of the information is respected by the prospective purchaser’s professional advisers in the same manner as provided in this agreement;
  - Be responsible for any breach of this agreement by comprising the disclosure of the information by the prospective purchaser’s professional advisers other than in accordance with this agreement

Not to take or permit any other person to copy, reproduce, or take extracts from any part of the information;
Not to contact or permit any other person to contact or make enquiries of any customer or client of the business, or staff member employed by the business, or the accountant, solicitor or financial institution of the vendor without obtaining the prior written consent of the vendor. This clause does not apply to inspections or meetings arranged by and conducted in the presence of the vendor or the vendor’s agent
To immediately return to the vendor’s agent all information including other written details including drawings, handwritten notes and or extracts of the same, together with any copies of any such documentation made during the prospective purchaser’s evaluation of the business in the event that the prospective purchaser and or the vendor or vendor’s agent cease negotiations in respect to the purchase of the business

In the event of a breach or threatened breach of the terms of this agreement by the prospective purchaser or any other person to whom the prospective purchaser has provided the information, the vendor shall be entitled to an injunction restraining the prospective purchaser from committing any breach of this agreement without showing or proving that any actual damage has been sustained by the vendor.