Prominent Wonthaggi Cafe Opportunity - Mitch's Latte Lounge

Business For Sale Melbourne, Victoria 3000

Business Category Cafe and Coffee Shop Restaurant

149000+SAV

Description

Prominent Wonthaggi Cafe Opportunity - Mitch's Latte Lounge

Here’s a chance to take up the reins of a successful independently owned cafe operation, prominently located at the front entrance to Wonthaggi Plaza.

Previously operating as a top-ranking Michel’s Patisserie franchise for 5 years the current owner has not looked back since stepping away from the previous Franchise group in December 2018. The business is popular and growing along with Wonthaggi itself which, as the largest regional town in South-East Victoria, is well-serviced by hospitals, TAFE and industry and is the gateway to the tourist meccas of Phillip Island, Inverloch and the nearby ocean beaches.

With a current turnover averaging over $500,000 p.a. and a predicted net profit of over $80,000 p.a. this is a profitable business, well-equipped and managed by the current owners who are looking to retire after establishing and managing the franchise operation since its initial opening.

The 100 square metre (approx.) café/bakery has a 2 year renewable lease. Rent is approx. $7,800 p.c.m. including GST and outgoings. All plant and equipment (value approx. $100,000) is included with the sale and the premises come with an additional 20 square metre storeroom and cool room located separately in the Centre.

The new owner will benefit from an extensive training and assistance period provided by the owner. So if you are looking for a smooth transition into a dynamic fast-paced business of your own in a five star location then this could be the one for you. For an opportunity to view the business and speak with the owner contact Alan Maguire on the number below.

Price: $149,000 (Negotiable) + SAV
Contact Seller
Maguires Real Estate Admin
  • Maguires Real Estate Admin

Bsale ID: 532977

Maguires Real Estate
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