Country café/take away incl. residence T/O $12,000 p.w.

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Business Description

Well located on the main street of Meningie, this vibrant county town is situated on the grass edge of Lake Albert.

With a population of approximately 940, Meningie this is the passageway that leads tourism through to the Limestone Coast including townships like Robe and Beachport and the many prestigious South Australian wineries in between.

This long established country café/take away offers the opportunity to dine in or take away with many customers enjoying the food while enroute to their holiday destination whilst the regular local trade is also catered to.

The Lake View Café's current menu includes hamburgers, chicken and chips, sandwiches, pies, pasties and much more; however, there is an opportunity to tailor the menu based on your skills and flair as the new owner.

Included with the café and located at the rear of the shop front is the manager’s residence, this is configured as a cozy lounge and four seperate bedrooms plus a backyard

The Lake View Café offers the new owners both a change in lifestyle as well as an income stream. If you are looking to step away from the rat race this is your best chance!

Melanie Winter 0408 085 932




Extended Price Information

Goodwill $205,000
Plant & Equipment (approx written down value) $15,000
Stock at valuation (approx) $5,000
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$225,000

Financial Summary

Year
Sales
2013/2014 (annualised) $603 056
2014/2015 $627,551
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Staff Summary

One full time and fifteen casual staff plus the vendor.

Lease Summary

Current Rent $2,296 per month excluding GST
Lease Term 7 years
Lease Commencement 2nd September 2013
Lease Expiration 1st September 2020
Right of Renewal 2 x 7 years
Outgoings Paid by tenant
Current Rent
Located at the rear of the shop front is the manager’s residence, including four bedrooms and a backyard.

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