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Prominent Wonthaggi Café Opportunity - Mitch’s Latte Lounge For Sale

Wonthaggi, Victoria, Australia
Asking Price:
$120,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

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.

With a loyal clientele 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 business traded profitably during COVID-19 and has come out of it stronger and with increased returns.

The 100 square metre (approx.) café/bakery has a 2 year renewable lease. Rent is approx. $7,800 -.-.-. 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: Reduced to $120,000 (walk-in, walk-out) + SAV

Contact Maguires Real Estate

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