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Food, Beverage & Hospitality business for sale in Mornington

  • Food, Beverage & Hospitality
  • 104 Main St Mornington VIC 3931
  • $550,000 (GST na)

Squires Loft Mornington Join the Juggernaut! First time available for public sale!

Mornington Main Street venue plus exclusive right to establish other
sites on Mornington Peninsula
Seating for 94 customers
Fully-equipped commercial kitchen
Extensive training and handover period provided by current owner
Secure lease
Highly profitable business
Combine career and lifestyle in marvellous Mornington

Everyone knows Squires Loft. Famous for their unique tasty sauces, tender grass fed beef and incredible taste profile this brand has taken Australia by storm. With 16 venues in Australia and 2 in Thailand, its customer appeal is only growing.

Normally restricted to a select few for purchase, the sale of Squires Loft Mornington is an experiment in offering a Squires Loft outlet for public sale for the first time in its 20 year history. Conditional on approval by head office, the successful buyer will gain access to the hugely popular Mornington branch. They may also establish as many outlets as they wish throughout the entire Mornington Peninsula from Carrum to Portsea, based on head office approval.

Squires Loft outlets have drawn their owners from a variety of different professions. Success is guaranteed based on extensive offsite preparatory training by head office in all aspects of the business, including customer service, front of house, financial and culinary aspects (just in case the chef is absent!). In addition the current owner will provide a generous assistance period prior to settlement. Almost all ingredients, including beef, baste and sauces are supplied from a dedicated Squires Loft offsite production facility, reducing labour costs and supervision and leaving you free to cater to your customers requests.

Mornington Squires Loft consists of 208 square metres of floor space with seating for 78 customers inside and a further 16 outside. It has a fully equipped modern commercial kitchen with specialist custom built grills to support its unique cooking process. Other features include large cool room and freezer, dry store, mens/ladies and disabled bathrooms, extra storage and office facilities, evaporative cooling, back to base and video security system.

Rent is $11,000 (approx.) per month including GST and outgoings plus a $2,000 contribution to head office marketing and promotion. There is a secure 5 x 5 x 5 lease with turnover well in excess of $1 million and a six figure net profit. The business is being sold plus stock (average approx. $15,000).

So if you are ready to jump on the Squires Loft juggernaut please dont hesitate. This is your opportunity to purchase a popular food business with all the support you need to succeed and the potential to expand further afield. And what better place to be in Melbourne than marvellous Mornington next to the beach with access to spas, wineries, boutique shopping and a wealth of natural attractions. The restaurant currently opens just 7 nights a week plus lunch on Sundays so you will have all the time in the world to combine lifestyle and work.

This could be your first step to a successful, exciting and rewarding sea change in a business with a proven track record and ongoing support.

Price: $550,000 + SAV

For enquiries and an inspection, with an opportunity to speak to the owners, please contact Alan Maguire, Maguires Real Estate, Mornington (0418 377 038).

Business Highlights

Business ID2015180656
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Last updated  17 Apr 2019
Map for 104 Main St Mornington VIC 3931
Maguires Real Estate
9 Alfred Street Mornington VIC 3931

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