XB158390 - TURNOVER: $600K SOLID CUSTOMER BASE READY TO GROW
Two businesses in one with LOTS of opportunities!
Mornington Wine Co. has one of the best reputations for providing quality, well-priced wholesale wine, beer or cider to customers not only on the Mornington Peninsula, but into the Bayside and South-Eastern suburbs of Melbourne.
Before COVID, the wine business sold all the way to Sydney! In 2019, the business had a turnover of nearly $1 million so the growth potential is clear.
· On track for $600K turnover with approx. $90K profit
· 2022 Ford Ranger XLS Hi-Rider - $45,000
· Current owner works 3-6 hours per week - No staff, only contractors
· 2-week handover for the business
Mornington Wine Co.
Established wine wholesaler operating since 2016 with current owners - and 20 years prior
Sells to licensed premises - Solid trustworthy customers who pay on time
2 commission reps promote products and maintain relationships on behalf of the owner
Reps are paid on sales only - both have significant experience / contacts
Premises unimportant - 3PL provider, Locke Logistics, delivers the wine, beer and cider
Mornington Peninsula Roasters
Mornington Peninsula Roasters was added to the business in 2018
Contract roasted by Commonfolk Coffee Company - Delivered to wholesale and retail customers Australia-wide
Fantastic reach and a local favourite known for accessible price point and deliciousness
Uses online marketing to promote sales
7 x coffee grinders ($6K) included SAV calculated at time of sale
Some ongoing wholesale accounts (1 with contract in place, as coffee machines are leased) plus online retail sales
Are you ready to step out of your existing career path into the brilliant world of wine and coffee?
This business will suit someone already working in either industry and looking to go out on their own - or someone with management experience seeking to make their mark.
Local wines are a big deal outside of the local market and were big business pre-covid. The market is there and ready to grow again with the possibility of achieving a $1 million-plus turnover.
PRICE: $320,000
Property Code: 3902
