Cafe 54 is a well-known and respected cafe in Mallacoota Victoria
Operating for 10 and a half years the owners have decided to sell and pursue other unrelated interests
The business is very well recognized and patronized by locals as well as passing trade, the district increasingly popular for those looking to holiday on the secluded beaches and Waterways that surround the town
The business is well equipped, all equipment is owned and in excellent condition, with the exception of the coffee machine and coke fridge that are owned by the suppliers and available to keep whilst using their product .
Sales have increased year by year, turnover in the 2017 financial year was in excess of $530.000 noting a working owner working not more than 50+ hours a week could expect to comfortably retain $100.000 + PA, more ideal even for a family.
Net profit Approx $103.000 PA- Note to a working owner, working only 5 days a week
The business is being sold along with the freehold, the owner will not consider selling the business stand alone, at this point of time.
The total selling price inclusive of the neat 2 bedroom home, land and shop is $735.000 noting with the valuation on the freehold the business is priced a little over 1 times annual profit
There have been many stories on TV in recent times highlighting people exiting City life in large numbers, seeking a laid back and relaxed lifestyle in many cases being able to sell up relocate, buy up as in this instance and have some considerable financial gain.
Excellent staff are in place as the owner over the last 18 months reduced her role considerably in the business offering that flexibility to the new owner.
I anticipate inquiries will be strong on this business opportunity.
Contact me today to express your interest
Peter Hurrell- 0407 973 726