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DealProspect/Listings/Hospitality & Tourism

Muddy Waters Cafe, Wangaratta

Cafe

ActiveHospitality & TourismVictoriaB2C
Asking price
$239,000
Disclosed · AUD
Revenue (est.)
~$784,893
Estimated · comparable listings of this type and size
Earnings (est.)
~$173,038
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.4×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • Leasehold cafe in the centre of Wangaratta, a town of over 30,000 residents.
  • Established in 2003 and run by a husband and wife team for 13 years.
  • 3 x 3 x 3 year lease with front and rear access plus owner parking at the rear.
  • Seating for 95 inside and out with a rear courtyard and alfresco area.
  • Near-new Bertazzoni oven; double-fronted shopfront with ice cream and candy bar.
  • Pre-approval to renovate and expand the kitchen; scope to add delivery services and extend hours.