The Red Velvet Lounge has long been a favorite of locals and tourists alike. Located in the lovely town of Cygnet one of Southern Tasmania's most popular destinations for tourists and day trippers from Hobart.
The Cafe is located in a historic building which was originally a general store, it is a large open space with high pressed tin ceilings. The large commercial kitchen also contains one of the largest wood-fired ovens in the state.
The Cafe is perfect for an owner-operator/couple who is looking for a fantastic lifestyle business in a stunning location. There is scope to offer evening trade and an excellent opportunity to grow the functions side of the business.
Some key points of the business
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND INQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Phone: +61 3 6135 4446
Mobile: +61 0417 357 037
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Register your details and receive priority email notifications about businesses for sale that meet your preferred price range, location or industry.
"*" indicates required fields