TE Capital Partners
Activation Proposal — 350 Queen Street Melbourne

Activating 350 Queen Street Lobby

More than coffee. A daily anchor of connection, energy, and tenant amenity during a period of transformation.

200
Building PAX
350 Queen St
Melbourne CBD
Cost-Neutral
Model
The Opportunity

Continuity, Amenity, and Connection

The current cafe operator at 350 Queen Street is exiting at the end of April, coinciding with the beginning of a significant lobby and facade refurbishment. For tenants across 20 floors of government, education, legal, and financial services, this creates a gap in a daily amenity they rely on.

Coffee on Cue fills that gap immediately with a flexible, fully managed barista service that operates from the existing fitout and can relocate within the building as construction progresses. The result is zero disruption to tenant amenity, even during a period of active building works.

For TE Capital Partners, it means tenants continue to experience a premium, professionally run cafe without needing to source or manage a replacement operator. For the building, it signals that amenity and tenant experience remain a priority, regardless of the construction timeline.

People connecting over coffee
Premium coffee bar
Needs Analysis

What we heard

Current State
Our Solution
01
Current cafe operator is departing and the building needs continuity of service
Deploy a fully managed barista operation from Day 1, using the existing cafe fitout with zero capital outlay for the building
02
Major lobby refurbishment means the cafe space may need to relocate during construction
Modular, mobile-ready setup allows CoC to operate from any suitable location within the building as works progress
03
Tenants expect a premium amenity without the building bearing ongoing operational cost
Revenue-driven model means the service sustains itself, with transparent tracking and minimal financial risk
04
The building wants data visibility on how the service is performing
Live dashboard provides real-time revenue tracking against the minimum threshold, giving full transparency without manual reporting
How The Model Works

What Does the Model Look Like?

We set the minimum revenue target together. You help us understand the hours, and we show you exactly how to reach that target from day one. If revenue ever falls short, you simply top up the difference at month end. Our job is to make sure that rarely, if ever, happens.

01

We Set the Target Together

You tell us the hours and days that work for your building. We model the revenue target based on those inputs. The minimum threshold is agreed upfront, with full flexibility to adjust as demand patterns emerge.

02

We Show You How to Get There

From day one, we actively optimise pricing, menu, staffing, and tenant engagement to drive the service toward the target. Our goal is the same as yours: a self-sustaining cafe that costs the building nothing.

03

Any Shortfall is Made Up

Revenue is tracked weekly against the agreed minimum. If actual revenue falls short in any given month, the difference is simply invoiced to the building at month end. Full transparency, no surprises.

Cost Neutral from the Start

We design the model to hit the minimum revenue target from day one. The calculator below shows exactly what it takes, and our track record proves it works.

Month-End Reconciliation

Revenue is tracked transparently via the live dashboard. Any shortfall against the agreed minimum is invoiced at the end of each month. No surprises, no complexity.

Data Driven Decisions

Our dashboard provides full transparency, giving you the data to confidently scale the service.

Flexibility Built In

Hours, days, and location can adjust as the building evolves through its refurbishment. The service adapts to you.

Costing Framework

Straightforward, Predictable, Transparent

Our cost-neutral operating model comes down to two key components.

$150/ hour

Minimum Revenue

To maintain a fully staffed, high quality cafe service without institutional subsidy, the model requires a minimum revenue target of $150 per hour. This is calculated on a weekly basis and translates to an average of 34 coffees (6oz) sold per trading hour.

$4.50/ cup

Price Per Cup (6oz)

Our proposed price for a standard 6oz coffee. 10oz (large) is priced at +$2.00 above the base rate. Extras such as alternative milks and double shots attract a +$0.50 surcharge. By positioning below the local average of $5.00+, we provide the most convenient and cost-effective option in the area.

What Does the Model Look Like?

A straightforward breakdown of the purchases needed to sustain a $0 net cost for 350 Queen Street, calculated on a weekly basis across all menu items.

Based on 200 people in the building, $4.50 price per cup (6oz), 5 hours trading per day and 5 days of trading per week:

Trading Days
Blended avg price per cup: $5.20
PeriodRevenue TargetAvg Purchases NeededCups Per Head Per Day
Per hour$15029
Per day$7501450.7 cups/head
Per week$3,7507233.6 cups/head/week
Per month$15,9383,07215.4 cups/head/month

At just 0.7 cups per head per day, 350 Queen Street achieves full the minimum revenue target. That is less than one coffee per person per day, across coffee, food, and beverages combined.

Priced to Keep Tenants Onsite

At $4.50 per cup, Coffee on Cue sits meaningfully below the local market, making the 350 Queen St cafe the most convenient and cost-effective coffee option in the area.

VenueAverage Price (6oz)
Coffee on Cue (350 Queen St)$4.50
Industry Beans$4.50
Market Lane$4.50
Rustica~$5.00
Code Black~$5.00

The best coffee. The closest location. Best value for money.

Barista in action

More Reasons to Visit & More Paths to Revenue Target

Beyond coffee, our additional menu extends the revenue opportunity, giving tenants more reasons to visit the cafe and helping 350 Queen Street reach the minimum revenue target with ease. Every purchase counts. Whether it is a coffee, a sparkling water, or a slice. All sales contribute to the weekly revenue target.

Premium Sparkling Beverages

Mixed range of premium locally sourced beverages.

Munger Bakery Slices & Baked Goods

Assorted slices, cakes, and baked goods. Simple, non-perishable items curated for quality.

Catering Portal

Tenants can order catering for their floor through our integrated catering portal and prepay online. From team breakfasts to client meetings.

QR Code Ordering

Tenants can scan a QR code from their desk, place their order, and pick it up at the cafe. No queues, no waiting.

Core Operating Model

The Coffee on Cue Operating System

Six integrated pillars that power the 350 Queen Street cafe service.

01

Staffing & Hospitality Leadership

We recruit, train, and manage all barista staff. For 350 Queen St, staff selection prioritises resilience for a construction-adjacent environment.

02

Coffee Experience Design

The coffee program is curated to reflect Melbourne's specialty culture while maintaining consistency.

03

Technology & Service Infrastructure

Integrated technology provides real-time visibility into revenue performance through a dedicated dashboard.

04

Equipment & Asset Management

All coffee equipment supplied, maintained, and serviced by Coffee on Cue to ensure reliability.

05

Program Management & Oversight

Dedicated leadership oversees service delivery, performance monitoring, and continuous improvement.

06

Engagement & Experience Support

The coffee bar acts as a platform for tenant engagement through activations and seasonal experiences.

Technology

Clarity, Connection and Culture in One Simple Dashboard

350 Queen Street will have permanent access to our live platform providing full transparency on revenue performance against the minimum threshold.

CoC · Minimum Revenue Dashboard
Minimum Revenue Tracker
Week of 14 Apr — 18 Apr 2026
Live
Revenue This Week
$3,420
Target
$3,750
Gap to Target
$330
Daily Revenue vs Target
$780
Mon
$840
Tue
$690
Wed
$870
Thu
$240
Fri
$750 target/day

Live dashboard access included. Track revenue performance against minimum threshold in real time.

Our Coffee

The Blend for 350 Queen St

Dark Chocolate, Toffee & Hazelnut Praline

Our Classic Blend is roasted weekly for freshness and balanced with sweetness. Perfect with milk and served black. Over 2.5 million cups served and counting.

Best for: high-traffic retail environments. The Classic is universally loved, familiar enough for the flat white drinker and refined enough for the black coffee purist.

Components40% Okapa, Papua New Guinea
40% Mantiqueira de Minas, Brazil
20% Alto Palomar, Peru
Decaf always availableMilk Chocolate, Honey & Marmalade. 100% Colombia.
Classic Blend Elevate Blend
Recommended Equipment

World-Class Hardware for Sustained Demand

Combining modern aesthetics with superior reliability.

La Marzocco Linea Classic S

La Marzocco Linea Classic S

2-Group Coffee Machine

Mahlkonig E65S GBW

Mahlkonig E65S GBW

Espresso Grinder

Square Register

Square Register

Dual-Screen POS System

Infrastructure

Facility Requirements

Standard Setup

  • 1x 32AMP 3-Phase or 1x 20A single-phase power connection (coffee machine)
  • 3x additional 10A sockets (grinder, POS, ancillary equipment)
  • Self-contained sink unit with onboard hot water (no plumbing connection required)
  • Access to BOH dry storage
  • Access to on-site refrigeration and waste streams
  • Confirmation of loading instructions for your space
  • City of Melbourne temporary food premises application (lodged by CoC)

If Transitioning to Permanent

  • Coffee machine water source and connection requirements:
  • Water Flow Rate: 2GPM
  • Dynamic Water Pressure: 45PSI
  • Min. Pipe Size Diameter: 3/8"
  • Water Connection: 3/8" male comp
  • Further specifications available on request
Your Dedicated Team

The People Behind Your Program

Ryan Spaccavento

Ryan Spaccavento

Founder & CEO

Founder and CEO of Coffee on Cue. Leads vision, partnerships, and the company's growth strategy across Melbourne and Sydney.

☕ Flat White
Nicolas Mendez

Nicolas Mendez

BDM — Workplace

Your dedicated account manager. Nico oversees all workplace partnerships and ensures your program delivers from day one.

☕ Long Black
Paul Butera

Paul Butera

Operations Manager — VIC

Head of Operations (VIC). Paul manages all barista teams, site logistics, and daily service delivery across Victoria.

☕ Cappuccino
Proposed Next Steps

Proposed Timeline

Week of 21 April
Finalise operational windows and confirm power/facilities with building management
Week of 21 April
Lodge City of Melbourne temporary food premises application
Week of 28 April
Paul Butera site walkthrough and equipment staging
28 April
Execute management agreement (12-month term, flexible)
4 May 2026
Go-live. Barista on site, service begins 8am
May – June
Monthly performance reviews against minimum revenue threshold
Ongoing
Dashboard access, monthly check-ins, and operational flexibility
Contract Tenure

Partnership Structure

This proposal is structured as a 12-month management agreement with flexibility to extend or adjust the term based on mutual agreement.

Coffee on Cue operates as the managed cafe operator within the existing fitout, with the ability to relocate within the building as refurbishment works require. The agreement includes full operational flexibility on trading hours, days, and duration, adjustable based on actual demand patterns, building activity, and the evolving refurbishment timeline.

Let's Activate This Space.

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