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Posted by Australian Business Sales Corporation Pty Ltd on 29/01/2019 in Business

MORNINGTON PENINSULA ,ULTIMATE BEACHFRONT CAFE - IN GROWTH REGION OF VICTORIA!

$400,000 - + SAV


Description

BUSINESS

  • Recently renovated 
  • Enormous potential for growth
  • Serving top quality Ice cream, coffee and lunches /dinners
  • Established over 10 years
  • Current owners 12 months 

LOCATION

  • Beachside suburb ,Mornington Peninsula
  • Region has a busy, commercial, retail strip
  • Major Growth area
  • Currently growing housing markets (+12% growth)
  • Increasing popularity for families 
  • Great schools and family facilities nearby
  • Directly faces the busy beach front
  • Attracting daily beach goers

LEASEHOLD

  • This lovely friendly café seats 55 patrons including Alfresco
  •  Been trading at 15% growth during the busy summer peak
  • Currently open 7 days
  • Opportunity for a License 
  • Full commercial top-quality kitchen included
  • Business currently owned and operated by Local Family
  • Long lease (11 years remaining including options)

FINANCIALS

  • Annual turnover (prior to renovation and peak summer period) 
  • $900k and growing 
  • Excellent time to take advantage of the new fit out and growing area
  • Suit family or Overseas buyer under the 188 Visa category.
  • Plan and Equipment approx. $70,000

    This is an opportunity to live the Australian dream!

ASKING ONLY $400,000 plus Stock

Food & Beverage Products and Hospitality Suppliers Australian Business Sales Corporation Pty Ltd
Australian Business Sales Corporation Pty Ltd
(Verified Member)

Contact Noel Currie
Ad Type For Sale
Type of Opportunity Business
Category Food & Drink
Asking Price $400,000 - + SAV

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