Iconic Coastal Gippsland Cafe – Fully Licensed, Prime Corner Position

For Sale $299,000 + SAV
Property Details

For Sale $299,000 + SAV
Description

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This fully licensed sixty seat Café is located in a prime North facing corner position on a picturesque street lined with mature Cyprus trees in a Victorian popular Coastal town only 25 minutes from Phillip Island.

The business has a reputation for serving exceptional coffee of a Melbourne standard alongside a contemporary breakfast, brunch and lunch menu.

Over the past four years the cafe has established itself as a unique brand that strongly reflects the vision of the enterprise. With a consistent strategic approach the owners have built a loyal following that are familiar with the brand essence and its identity

The café is a licensed premise and is able to serve alcohol to patrons as well as permitted to sell retail local wines under a special license. The Redline license area extends throughout the café area and also includes the arcade area and the front nature strip (subject to council by-laws).

Retail wine sales are especially strong during Christmas and holiday periods when local wines as purchased to take away.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Property Features
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Years Est


Years With Current Owner


Staff No
There are currently 12 staff employed by the business that includes one full time staff member (chef), an apprentice, and a school-based trainee (government incentives apply). The owners also work at the café for approximately 30 hours per week combined total.

Lease Info
The lease is a 5x5x5 year period with the current owners operating under the second term. 5 years an assignment of the current lease is available with further options made available by the landlord if required.

Trading Times
The café operates from 7am-3pm Mon – Fri. 7.30am – 2pm Saturday. Sunday trading 9am – 2pm

Size of Premises
The premise is located on a picturesque street lined with mature Cyprus trees. The shop is ideally situated for outdoor eating as it faces a northern aspect.
Adjacent to the shop front is an arcade/common area space that is also used by the café under the terms of the lease.


Opportunity

Dinner trading: the area currently has limited night time dinner offerings despite the growing population.

Catering: Although the business generates a small amount of its overall revenue from catering, the percentage of catering income compared to overall income remains comparatively low. There is an opportunity to increase catering activity; potential markets include weddings, The Local Council and the cakes and desserts market.



Note to buyers

This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller.

GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.



Seats Inside


Seats Outside


Stock Value