Established hospitality gem less than 90 minutes from Melbourne

24 days ago

Private Seller Marmalades of Yea Cafe & Produce Store

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Summary

Marmaldes of Yea Cafe & Produce Store has a strong established history with local customers and travellers to the area year-round. High potential for growth and expansion.

Revenue

$17,000 pw

Rent

$850 pw

Expenses

$11,000 pw

Net Profit

$5,000 pw

Location Details

20 High Street Yea 3717
Only 90 minutes from Melbourne and on the road to Mt Buller and the High Country (for winter) and Lake Eildon, Bonnie Doon (for summer).

Potential

Room for growth, expanding the provisioning, catering and events side of the business.

Skills

Great opportunity to expand existing hospitality portfolio or start from scratch with a loyal customer base.

Hours

Currently open 9am to 3pm 6 days per week (closed Wednesdays) with a restaurant license so could extend these hours.

Lease

Current lease to October 2025 with option to extend 5 years x 2.

Employees

13 employees including Restaurant Manager.

Reason for Sale

Family owned business - owners relocating interstate to be closer to extended family.

About the Business

Marmalades of Yea is located in the original Purcell General Store.
This beautiful building has housed a successful and well-regarded cafe & produce store for the last 30 years. Prior to that it had a rich history in the establishment of Yea and it's surrounding community.
The business turns over an average of $17k per week (15k in low season and upwards of 20K in high season and school holidays). The business holds a restaurant liquor license for up to 198 patrons.
The customer base is strong and loyal with multiple community groups meeting for coffee & cake and lunches during the week. Marmalades also has a great following by ski/snow travellers heading to the high country in the winter and the weekend water-sport warriors in the summer. Priced to sell, the business has room to expand including a large shed/event space and potential to re-establish the two b&b rooms as well as ample courtyard and laneway access. There is also plenty of options to extend the catering and events side of the business and the grocery/providore segments.

History

Fixtures inside ‘E.S Purcell’s General Store’ are National & Victorian Trust classified including bread bins, balustrade, three long counters & safe.​​

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