Sold

Regional VIC

Sales of $19,500 p/week | Low Rent – Only 5% | Limited Competition | Motivated Vendor

Description

For sale is this very affordable opportunity to acquire a fully fitted, well-established licenced café/restaurant located within a busy Victorian town, only one hour from the
picturesque Grampians and three hours from Melbourne.

The area is currently experiencing major growth with multimillion dollar spending on updating sporting facility’s, art gallery and hospitals so this is a great time for
investment.

FY24 financials show average weekly sales on over $19K and the rent is only $800 per week.

Situated within the heart of a bustling CBD, next to offices and shops including a major supermarket, there is strong footfall and passing trade throughout the day and evening.

The fully licensed premises has Bi-fold windows and attractive signage, which provide great curb appeal and lead into a stylish and recently renovated contemporary interior, including a double-sided open fire.

There is customer seating for 60 customers inside plus an additional undercover outside dining area for 50. Behind the scenes, the restaurant is equipped with everything needed for a successful kitchen including two cool rooms.

Trading successfully for the past six years the business has lease terms up to 2031 providing the new owner with long term security.

The current owner has multiple business ventures and is now wanting to focus on those full time. All systems have therefore been put into place for a new owner to take over simply and seamlessly.

To further grow the business, it would be easy to extend the hours of operation and partner with take-away apps and reap the financial rewards.

This is an ideal and simple business to trade as is and to capitalise on the current successful operation. Full training can be provided.

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

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Business Listed by

Paul Leach

Hospitality Consultant, Certified Exit Planning Advisor, Licensed Business Broker in NSW, SA, QLD, VIC @ GSE Hospitality Brokers

I grew up in the food business, my parents owned two very successful restaurants. I have fond memories of working alongside them from a very early age.

All through my school years I knew that I wanted to be a part of the hospitality industry and the day that I started at college could not come quickly enough. I spent three enjoyable years learning my trade and left college to join my parents in their second restaurant.

In 1992 my parents decided that the time was right for them to sell up and I felt it was also the right time for me to go out on my own.

In 1993 I opened my first Cafe called “Hogarth’s” and that is where it all began. Over the following 25 years, I built and sold nine food businesses. I loved every minute (well most of it) and learnt a lot about how the sale process works, I also learned some very valuable lessons.

I love the food industry and wanted to crack double digits and open shop number ten, unfortunately, the two things that I value the most in my life, my marriage and my health probably would not have lasted if I had done that so I called it a day

I always felt that there was a better way to sell cafes and food businesses and that is where the idea for GSE came from. My vision was to build a specialist firm of hospitality brokers that could make the sales process as straightforward as possible for the owners of hospitality businesses in Australia.

I am now using the experience I gained selling my own businesses as well as selling a lot of other people’s businesses to lead the team of very talented brokers at GSE.

I would love the opportunity to show you more about how the approach that GSE take can help you to sell your business for the price that you want and on your terms.

If you are looking for a specialist Hospitality Broker who has walked the walk and fully understands the industry and all of the nuances of the sales process then I would love to hear from you.

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