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Under Management

Business for Sale
FOOD & BEVERAGE - SUPER CENTRE
SOUTH WEST COASTAL WA

THE GREAT 10 HOUR - STRESS ESCAPE South West – Tourist GROWTH HOTSPOT UNDER MANAGEMENT FOOD AND BEVERAGE FOOD CRITICS AND TRIPADVISOR REVIEWERS LOVE IT… …AND YOU WILL TOO!!!

Price $690,000 Plus Small Stock Of $40,000

UNDER MANAGEMENT

Stock Included: Yes
Stock Value: 40,000
Years Est: 6 Years
Gross Revenue: 1,764,829

IT’S A SECTOR THAT’S GROWN AT 10.1% ....

....FOR THE PAST FIVE YEARS


The business has displayed outstanding historical sales growth from inception and sits as one of the most successful hospitality venues in the area. It is consistently busy and has a large repeat customer base both locally, internationally and regular visitors from Perth. The area is experiencing solid growth and this business has a true potential to double profits for a focused owner manager working in the business.


2016 : OWNER MANAGER PROFIT = $278,000 PA



Patronage is on the increase, and thus it would be reasonable to expect future sales to be driven both by population growth and tourism. New housing developments surrounding the business locality will organically grow the base of local customers, while interstate tourism is growing and will increase significantly with the introduction of direct flights from Melbourne and Sydney to Busselton airport. International visitors will also use the airport, and the ability to fly direct will see increased overseas interest in Margaret River as a food and beverage destination.


With excess capacity, the business has the ability to increase trading hours, that will ideally position it to take advantage of the enormous potential of the medium. It’s not what opportunities are available for expansion, it’s a matter for the new owner to choose the ones of greatest advantage.


RESTRICTED COMPETITION


Competition within the area is limited, and entry to the market is highly restrictive, primarily because new liquor licences are automatically opposed by both locals and many government authorities, but also because suitable premises would be hard to find.



EVERYTHING IS SET
FOR THE NEXT GROWTH PHASE


The business is currently operating very successfully, with strong and realistic growth prospects. The market is extremely condensed and barriers to entry are high, therefore the future can only be seen as solid.


SITUATED IN ONE OF THE COUNTRY’S
FIVE FASTEST-GROWING REGIONS



Over the past five years the Southwest’s average annual population growth rate was 2.8 percent, compared to a national growth rate for the same period of just 1.7 percent.



The southwest has featured in the top five growing regions nationally every year since 2004/05, and is expected to grow to over 216,000 people by 2027 according to projections published by the Commonwealth Department of Health and Ageing. Most of this growth is forecast to occur along the coastal strip between Australind and Margaret River, which can only be good news for this business.


LOW RISK
LIKE NO OTHER BUSINESS



People will always need to eat, and while cooking at home is always an option, going out for a meal and a drink is an ingrained facet of Australian culture. When the economy is good, people think nothing of going out for a meal; conversely, when the economy is contracting they will sacrifice other, more expensive pastimes for the pleasure of meeting friends and family over a glass of beer or wine and an affordable meal. Australian’s expenditure on fast food and eating accounts for nearly a third of their weekly household food budget, and that figure continues to grow. In fact during a six year period which included the GFC, Australians’ spending on this category actually rose by 50 percent (Australian Bureau of Statistics. 2009-10 Household Expenditure Survey Australia Summary of Results. 6530.0. 2011).


THIS BUSINESS HAS EVERYTHING RIGHT:
RIGHT - LOCATION,
RIGHT - PRODUCT,
RIGHT - BUSINESS MODEL




The business was established approximately six years ago by the current owners. Since that time it has built a large and loyal following amongst both local residents and visitors and has become renowned for its vast array of beers.

• It has featured as a national “top 10” in a renowned beverage magazine.

• It has also featured in the Qantas inflight magazine


• It has been favourably reviewed in the Sunday Times.

• It was listed as a “Top 5 destination to eat” in the travel lift out of The Australian



FOOD AND DRINK
ARE RECESSION-PROOF PRODUCTS



When the economy is performing poorly, people forgo big-ticket items such as overseas holidays and instead reward themselves with more inexpensive treats: dinner and drinks at their “local” or a trip down south to explore the restaurants and bars. And when it picks up again, they still spend on leisure!


RUNS UNDER MANAGEMENT



The current owner’s only oversee the weekly operations which involves them for approximately work approximately 10 hours a week – a General Manager and an assistant manager takes care of the day-to-day operations, supported by a second person and a casual workforce. The current owners are not rostered to assist staff in the business.


AROUND 65%
OF THE TOTAL ROCK SOLID CLIENT BASE
ARE REPEAT CUSTOMERS



There’s huge potential to expand by making better use of the floor space; by opening for lunches and even breakfasts in summer; and extending the variety of takeaway meals on offer – all without needing any capital investment. But the best thing about this business is….


…YOU COULD DO NOTHING…
....AND THIS BUSINESS WOULD LIKELY STILL GROW,

WHY?...
...BECAUSE IT’S DRIVEN BY INCREASES IN POPULATION AND TOURISM



New housing developments and a broadening economic base are bringing more businesses and with them, residents. The completion of the southern freeway extension from Perth and the expansion of Busselton airport are bringing more tourists from intrastate, other parts of Australia, and the world.


The South West Development Commission, the WA State Government and the Federal government are spending millions on promoting tourism and economic development – that’s $ millions spent on indirectly promoting this business!!


And it’s working: the south west has featured in the top five growing regions nationally every year since 2004/05 and is expected to grow to over 230,000 people by 2026.


Plus, tourist numbers are growing too. In 2015 over 2.5 million people holidayed in the southwest – and another 3.4 million took a daytrip there. They stayed over 7.3 million nights and spent $1.7 billion dollars.


EATING OUT AT A LOCAL RESTAURANT
WAS REPORTED AS THE MOST POPULAR
LEISURE ACTIVITY FOR ALL TOURISTS



• 58% of intrastate visitors – said yes to eating out

• 73% of interstate visitors – said yes to eating out

• 93% of international tourists – said yes to eating out


TOURIST NUMBERS WERE UP 9 PERCENT...
...ON THE PREVIOUS YEAR,
AND ARE PREDICTED TO CONTINUE RISING STEEPLY.



So in summary….


• Food consumption: UP 

• Craft beer consumption: UP

• Tourist numbers: UP

• Number of locals: UP


AND THIS BUSINESS’S REVENUES AND PROFITS
ARE SET TO FOLLOW!!



If you’ve always wanted to own a business that has low risk and a lifestyle others can only envy this is the business for you.


If you’re looking at the economic and political indicators and wondering what is a secure industry with a solid business model: this is the business for you.


But because it’s suited to so many different types of people, this one won’t last.


Contact us today to receive a detailed business profile – the first step to your securing this exciting opportunity.


Contact Seller

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View Broker Profile

Contact: Graham Nankivell
Phone: (089) 429-8882
Mobile: (041) 343-6766
Bsale ID: 113735




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