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Cash Cow Cafe - Really Cheap Rent And Over $600,000 Takings !! For Sale

Lakes Entrance, Victoria, Australia
Asking Price:
$295,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

• Categories: Food/Hospitality
Thriving Cafe / coffee business ideally situated on the Esplanade in Lakes Entrance, Victoria.
A fantastic revenue and profit producer for the last 12 years, would be ideally suited for a couple or partnership to secure their financial future and enjoy the relaxed lifestyle.
No working late and enjoy the beaches and lakes of East Gippsland, close to Victoria's high country ski resorts.
This business is prominently positioned midway along the town's Esplanade to capture inbound traffic.
Major business from the busy foot traffic from the accommodation and surrounding businesses that include the Post Office, Library, lake cruise operators, Woolworths supermarket, hair salon and hotels.
Add to that an excellent local trade in this growing town and you'll realise why this cafe is a true cash generator all year round and continues to grow.
The business currently offers a very popular breakfast and lunch menu with loads of options for gluten free and vegetarian needs to satisfy everyone.
A large range of muffins, cakes and slices also make this a popular venue for a morning or afternoon coffee.
The food menus have been designed with ease of preparation in mind allowing excellent throughput from the kitchen even during the busiest of times.
Rightly famous for it's coffee, the business also produces a range of excellent teas, hot chocolates and chai as well as fruit smoothies and cold drinks.
Excellent procurement terms with a limited number of suppliers means the business enjoys positive cash flows year round and very low inventory levels.
Overheads are also exceptionally low in relation to turnover, and the business enjoys an extended lease with a great landlord and an incredibly low annual rent.
Opportunities also exist to expand the greater than $600,000 revenues further with merchandising and more catering business.
Lakes Entrance and surrounds offer a beautiful and relaxed environment in which to live and work, with numerous local attractions and tourist / recreation activities based within easy reach.
The current owners are selling to semi retire and work on another project, but would be willing to stay on, in a part time staffing capacity if that was desired by the new owners.
Working hours are 8am to 5pm daily.
PRICE: $295,000 neg
Finance available to approved purchasers.
Inspection by appointment only.
Quote BSV 0932 and call Michael NOW !!! or submit an enquiry.

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