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Business Display

Well Established Cafe and Wine Bar $349,000 (16690)

$349,000

Well Established Cafe and Wine Bar $349,000 (16690)

The $350,000 worth of assets included in this sale are as good as new

The Village Café Flinders is a well established café and wine bar with an extensive operational history of nearly 30 years, with the current owners now in their seventh year. As a result of it's longevity, the business has become an institution on the Peninsula and in the town of Flinders, and has become the go to social venue for locals and tourists throughout the year. Over the last six years the business has obtained a large loyal customer base, primarily due to its welcoming and comfortable environment, its excellent food offerings and an impressive selection of fine wines.

In addition to it's dine in and takeaway sales, the business also provides a full catering service for events throughout the Peninsula, and the venue is regularly used as a function space, further diversifying its revenue streams.

In 2021, the business suffered through a fire, prompting the current owners to undertake major renovations to the Kitchen and front of house, as such, the $350,000 worth of assets included in this sale are as good as new, thus eliminating the need for an incoming owner to inject additional capital into the business.

Pricing Strategy:
This business opportunity has been appraised on the data of comparable sales in similar industries and can confirm that the strategy moving forward for this opportunity is as follows

Three Year Average EBITDA (adjusted for COVID and the impact of the fire) = $136,699 x (multiplied by) 2.5 times = Price $349,000 = 39 % Return on investment

Video is available on this listing. Copy and paste the below link into your browser to view.
https://www.youtube.com/watch?v=xkWRpMenpHk

For further details on this business please EMAIL OR TEXT either Steven Mostafa on 0407 999 888 or Nadia Polzella on 0451 858 897 with the word ‘Peninsula Wine Bar” and your name and email address to receive an online confidentiality agreement. Once the confidentiality agreement has been signed, a comprehensive business information memorandum and the latest financial documentation will be sent through.

Business Snapshot

Price: $349,000 Takings: $22,000 p/w

Listing ID: 16690

Overview

  • Listing ID 16690
  • Status For Sale
  • Location FLINDERS
  • State Victoria
  • Price $349,000

BROKER CONTACT

Nadia Polzella
  Contact Us
  LINK Business Melbourne

Suite G.02, Ground Level, 1-11 Gordon Street
Cremorne, VIC 3121

Tel : + (61) 3 9819 4211
Mail : email enquiry
Business Hours : M-F 9:00 - 5:00