Wine Wholesaler And Coffee Roasters – Mornington, Vic

XB158390 - TURNOVER: $600K – SOLID CUSTOMER BASE – READY TO GROW

Two businesses in one with LOTS of opportunities!

Mornington Wine Co. has one of the best reputations for providing quality, well-priced wholesale wine, beer or cider to customers not only on the Mornington Peninsula, but into the Bayside and South-Eastern suburbs of Melbourne.

Before COVID, the wine business sold all the way to Sydney! In 2019, the business had a turnover of nearly $1 million – so the growth potential is clear.

· On track for $600K turnover with approx. $90K profit

· 2022 Ford Ranger XLS Hi-Rider - $45,000

· Current owner works 3-6 hours per week - No staff, only contractors

· 2-week handover for the business

Mornington Wine Co.

Established wine wholesaler operating since 2016 with current owners - and 20 years prior

Sells to licensed premises - Solid trustworthy customers who pay on time

2 commission reps promote products and maintain relationships on behalf of the owner

Reps are paid on sales only - both have significant experience / contacts

Premises unimportant - 3PL provider, Locke Logistics, delivers the wine, beer and cider

Mornington Peninsula Roasters

Mornington Peninsula Roasters was added to the business in 2018

Contract roasted by Commonfolk Coffee Company - Delivered to wholesale and retail customers Australia-wide

Fantastic reach and a local favourite – known for accessible price point and deliciousness

Uses online marketing to promote sales

7 x coffee grinders ($6K) included – SAV calculated at time of sale

Some ongoing wholesale accounts (1 with contract in place, as coffee machines are leased) plus online retail sales

Are you ready to step out of your existing career path into the brilliant world of wine and coffee?

This business will suit someone already working in either industry and looking to go out on their own - or someone with management experience seeking to make their mark.

Local wines are a big deal outside of the local market and were big business pre-covid. The market is there and ready to grow again – with the possibility of achieving a $1 million-plus turnover.

PRICE: $320,000

Property Code: 3902