Family-Owned Cafe & Beach Bar - FOR SALE
A Seaside Bonanza!
Industry :
Food/HospitalitySub Industry :
Café/Coffee ShopKey Strengths:
Minimal competitors in the areaGreat foot traffic locationHighly experienced staff in placeThis family owned cafe/restaurant/bar has been established for 17 years and is a key port of call for travellers on the Great Ocean Road. With a turnover in excess of $3M and a net profit exceeding $700k it is ripe for taking over at the top of it's game and can only improve with the expert staff and management by the new owner.
Seating for 150. Operating hours are 9.30am to 10pm, 7 days a week; with a liquor licence to 12.30am.
What is attractive about the business?
* An experienced operator can take over an already successful business and drive further growth
* The loyal and experienced staff will be a strong foundation to ensure smooth transition of the business
* It is the go to location in town, on a corner location opposite the beachfront with constant foot traffic
* There is no other comparable business in town
* The town’s profile is heavily promoted by the government and is constantly improving its streetscape and infrastructure and attracting more tourism to the area
* It offers a sea change lifestyle giving a work/life balance to the venture and provides a family friendly environment
Freehold Profile
A substantial 2 storey building comprising cafe/bar/restaurant 240 M2 in area. Seating for 150, kitchen and storage area plus a 2 B/R upstairs apartment. Total land area 531 M2 plus 2 adjacent vacant allotments of 310 M2 (optional).
The apartment is currently rented to tourists but it could also accommodate the new Owner/Manager.
Coastal land is always in demand and purchase of the building complex would complete the investment!
Victoria
Australia
View other listings by this business
$1,375,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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