This licenced cafe for sale has location second to none. Located by a busy surf beach on Phillip Island, it is the only business within a 7km radius that serves food and beverages in the area. Located on the only road to this busy beach, everyone going to and from the beach has to pass this shop.
The beach is a famous surfing beach which is patrolled by lifeguards, and is so busy that turnover in January can reach $250,000 only trading from 8am until 3pm.
This food shop has an easy menu, and no chef or cook is required. New owners can learn to prepare the menu very quickly and the current owner is happy to stay on to work for the new owners. Current owner works in the business with casual staff.
This shop has multiple dining spaces - an inside lounge area, a front area for seating and a back courtyard that can be used as a beer garden. The business has a newly approved liquor licence for 60 patrons up until 9pm on Wednesday to Sunday.
At the back there is a dwelling with separate entrance, large clean bathroom, kitchen and bedroom/lounge, which can be used as a residence or rented out to holiday makers in the summer (Air BNB). The post box for the entire town is outside this shop, there is potential to create a post office at this location, for the area, as Phillip Island only has one post office and that is in Cowes, on the other side of the island.
Average turnover of approx. $800,000 per annum. Rent of $58,908 per year incl. GST. Lease of 5 years, which commenced in April 2021, with options to negotiate a new lease or extra terms.
This business has excellent potential - potential to do deliveries to residents in the area and to open for dinner and have live music at the venue as well as potential to introduce a post office at this location and generate more income from that.
This business is definitely worth looking into.
For more information and to organise an inspection contact Elle Likopoulos on 03 9566 7300 or Chris Panagiotidis on 0433 582 533.