FOR SALE
$220,000 + Stock

Shop 2, 182-248 Penola Road
Mount Gambier SA 5290

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Two Cafe's, One Fantastic Opportunity

Ray White Mount Gambier is proud to present to the market a fantastic opportunity to buy not one, but two well established and well positioned cafe's that is the "Expresso Eatery" brand.
Located across two sites in Mount Gambier, Expresso Eatery has been trading for more than 3 years and has established a consistent and loyal customer base with proven trade and fantastic potential for both an owner operator looking for a hands on business approach to maximise returns, or the viability for a well managed return on investment too. Currently employing 20+ staff across the two sites, it delivers a casual, contemporary breakfast and lunch dining experience at an accessible price point with both dine in and take away options readily available.
The original site on Penola Road at The Marketplace complex on the northern side of town is perfectly positioned at one of the main entrances to the shopping center, with a shop footprint of 143sqm and internal dining capacity of 40+ customers, benefiting from passing foot traffic into the center along with it's convenient proximity to main outlets such as Big W, Woolworths and Bunnings, a variety of speciality retail shops and fantastic accessibility for customers with the large carpark outside. This site includes commercial kitchen fit out which supplies dine in menu options to customers along with display cabinet favourites for grab and go, whilst also supplying food preparation for the "satelite" location at Ferrer's Street. The future potential of "The Marketplace" is still unfolding as Mount Gambier continues to expand, with exciting developments already underway on the northern outskirts of town that could benefit established business nearby. Trading hours for Expresso Eatery at The Marketplace are currently Monday to Saturday 8am - 5pm and Sundays 9am - 3pm.
A more recent addition to the Expresso Eatery brand - the Ferrer's Street site is situated in the near new Coles complex right in the heart of Mount Gambier. It benefits from the hussle and bustle of the CBD, along with nearby businesses and passing foot traffic to the shopping center, also with large carpark accessibility for customers and shop footprint of 88sqm. Grab and go savoury and sweets are displayed in the large cabinet, served with quality barrista made coffee in a light filled and "industrial themed" dining space offering indoor and outdoor seating for up to 40+ customers. Trading hours for Expresso Eatery at Ferrer's Street are currently Monday to Friday 7:30am - 3pm and Saturdays 8am - 2pm.
Equipment at both sites include an extensive list of quality brands such as Synesso coffee machines at each shop, Merrychef countertop ovens, Robot-coupe juicers, Hobart commercial dishwashers, deep fryers, grill tops and display cabinets to name a few. Being offered as a walk-in walk-out purchase, you have a fantastic opportunity to take over a well established and well branded eatery with a great sales base, proven returns and even better potential for growth.
Fixed lease terms for both sites, current business financials, equipment schedule and further information on Expresso Eatery will be made available for all genuine enquiries - contact Alistair today to find out more. RLA 291953

Property Details for Shop 2, 182-248 Penola Rd, Mount Gambier, SA 5290

Building Type
Commercial

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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.

Mount Gambier has 13,862 properties. Over the last 5 years, Houses in Mount Gambier have seen a 97.34% increase in median value, while Units have seen a 89.37% increase. As at 31 October 2024:

  • The median value for Houses in Mount Gambier is $456,548 while the median value for Units is $332,955.
  • Houses have a median rent of $430 while Units have a median rent of $305.
There are currently 101 properties listed for sale, and 55 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 680 properties were sold in the past 12 months in Mount gambier.

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Alistair Coonan
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Ray White Mt Gambier
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