Internal Ref: 118238985
Summary
The Phone Code for this property is: 50641. Please quote this number when phoning or texting. The Store Deans Marsh is a much-loved gem on the Surf Coast and a major hub on the Otway Tourist ...
Location Details
1419 Birregurra-Deans Marsh Rd
About the Business
The Phone Code for this property is: 50641. Please quote this number when phoning or texting.
The Store Deans Marsh is a much-loved gem on the Surf Coast and a major hub on the Otway Tourist Region. Up for sale is this popular regional general store as a going concern, with an option to purchase the freehold, land and residential cottage.
Sitting on a 2,203 m2 corner block in the heart of town, The Store has an enormous outdoor dining and family play area adjacent to The Store building, alongside extensive private gardens for The Cottage. It is fully fenced and landscaped and provides ample car parking for customers, guests and residents.
The current owners have invested substantially in improvements for the business including a new kitchen with state-of-the-art commercial equipment, an upgraded wastewater system, new fit out for front counter, fully refurbished outdoor bathroom area, extensive landscaping, internal and external paint, resurfaced carpark, commercial food production equipment and an on-premise liquor license. Also included in the sale of the business is a very attractive website, point of sale system and security system.
The Store has recently expanded its own range of preserves, sauces and meals and is in the process of developing a wholesale range for broader distribution. It also provides an extensive range of groceries, produce, fresh fruit and vegetables, giftware and a substantial café operation with a focus on home-made treats using locally sourced produce. The business currently operates 7-days a week with good annual turnover from local trade and excellent turnover during the peak summer tourist period. The outdoor area of The Store is the highlight for this business and is very popular with Lorne customers travelling to and from their holiday homes or on their way to do business and shopping in Colac.
Trading is consistent throughout the year and peaks during summer as tourists flock to the Great Ocean Road, Surfcoast and Otways. A healthy mix of cafe, general store, local produce, liquor and giftware provides a good platform for growth, with capability to expand the licensed cafe, wholesale produce and online sales of Store branded produce. The current owners have improved profitability to 20% of sales by focusing on delivering quality produce at healthy product margins and an efficient cost structure. Margins exceed 50% and staffing costs are less than 20% of sales, leaving healthy profit margins for new owners.
The Cottage has three double bedrooms and home office, with a fully renovated kitchen and...
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