Cafe Wine Bar & Function Centre For Sale

Business description

Stunning Yarra Glen

A once in a life time opportunity to purchase an outstanding business in the beautiful Wine & Tourist area of Yarra Glen.
* The Cafe - with seating for over a 100 patrons can also spill over into the adjoining Wine Bar and Function Centre.
* Established for 10 years in the heart of Yarra Glen.
* Fully licensed to 11 p.m. for Wine & Spirits and also for Take-away Wine sales
* Day-time hours only at present due to owners family committments - huge opportunity to extend trading hours into the evening
* Forward bookings for Weddings, corporate functions, family events
* Regular coach trade due to Wine growing location and popularity of this lovely township
* Hilton hotel development close by that will expand tourist numbers in the town and local businesses
* Current hours Monday - Sunday 8a.m. - 5 p.m.
* Turn-over approximately $700,000 per annum

A wonderful opportunity for someone with food experience to take this business to the next level by increasing the function trade or someone new to the industry can take over and manage the existing experienced and qualified staff that are already in place.

This business offers country lifestyle at its best only 45 mins to the CBD down the new East link freeway.

Property information

Real Estate:

Lease

Lease terms:

One year into three year lease with two three year options also available.
Rent $3333 per month for both premises - cafe & wine bar including GST - outgoings approx $3k per annum

Location:

This cafe & adjoining wine bar - function centre is located in the heart of the beautiful Yarra Glen Winery area of Victoria. Only 45 minutes on the new East Link Freeway to CBD.
Situated right in the middle of town offering excellent access for tourists, locals and tour buses.

Other information

Expansion potential:

The business is currently only operating Monday - Sunday 8- 5 p.m. due to owners family committments. Huge opportunity to expand the function side of the business and promote the wine bar for evening food and drinks.

Competition / Market:

Nothing similar in town and the only function centre offering this style of character premises.

Support & training:

Current owner will provide 5 - 10 days training.

Reasons for selling:

Current owner has five children and the business has grown to a size she can no longer cope with the level of business and forward enquiries.

Trading hours:

Monday - Sunday 8 - 5 p.m.

Inventory / Stock value:

$30,000