FOR SALE
$50,000 including GST

Wellington Street
Launceston TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: 50
Floor area: 30m2
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Thriving Cafe & Wine Bar Business with Liquor License

For sale is Morty's Coffee & Wine Bar, a popular and thriving cafe & restaurant business, complete with a valuable liquor license. Ideally located near prime inner-city retail outlets, it benefits from ample parking and significant foot traffic, thanks to its central position in the CBD. The business has cultivated a loyal clientele, largely due to its established reputation for fast, friendly service, and its fun and approachable staff.
Morty's has successfully expanded its service offerings to include home delivery through Uber Eats, catering to a wider customer base. The pricing strategy is competitive, ensuring affordability without compromising on quality. As a part of Morty's food court, the bar offers the unique experience of pairing a variety of beverages with an array of different cuisines available in the same location.
The business operates from 7 am to 7 pm, Monday to Friday, and from 9 am to 5 pm on weekends. It's categorized as a wine bar with a price range marked as affordable ($). Additional facilities include both home delivery and takeaway options. Morty's is open for breakfast, lunch, and dinner every day, making it a versatile dining option for any time of the day.
This sale presents a rare opportunity to acquire a successful and well-positioned business in a bustling city area. Morty's Coffee & Wine Bar is an established brand, ready for a new owner to take it forward into its next successful chapter.
*We have in preparing this listing used our best endeavours to ensure the information is true & accurate. Prospective purchasers are advised to carry out their own investigations.

Property Details for 10/25-31 Wellington St, Launceston

Building Type
Commercial
Floor Size
30m2

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About Launceston 7250

The size of Launceston is approximately 4.5 square kilometres. It has 13 parks covering nearly 16.4% of total area. The population of Launceston in 2011 was 2,897 people. By 2016 the population was 2,929 showing a population growth of 1.1% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation. In 2011, 47% of the homes in Launceston were owner-occupied compared with 48.2% in 2016.

Launceston has 3,719 properties. Over the last 5 years, Houses in Launceston have seen a 53.52% increase in median value, while Units have seen a 31.40% increase. As at 30 September 2024:

  • The median value for Houses in Launceston is $717,012 while the median value for Units is $462,228.
  • Houses have a median rent of $495 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 36 properties listed for rent in Launceston on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Launceston.

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