BUSINESS +FREEHOLD

Regional Business and Iconic FREEHOLD Commercial building available for your next venture.

Under current management for more than five years, Meningie's Cheese Factory Restaurant, is positioned for strong tourism growth.

Located on the shores of Lake Albert, 5 minutes from Noonameena, the head office of the Coorong National Park, and 30 minutes from the SA Motorsport Park #TheBend at Tailem Bend, this business can capitalise on growing numbers of international tourists visiting this iconic region.

The Meningie Cheese Factory Restaurant Business is offered for sale at $149,000 and the FREEHOLD building is also available by negotiation.

Returning strong consistent revenue, the restaurant is an ideal business for a couple or family.

Business Overview

Meningie’s Cheese Factory Restaurant – is a proven tourism business, located at the gateway to the Coorong.

Meningie's Cheese Factory Restaurant services a dynamic mix of locals and visitors from the Lake Albert Caravan Park next door.

Under current management since January 2013, the restaurant trades six (6) days a week between 10.30am and late.

The owners, Sandeep and Rathjita, manage the restaurant and work in the business. Sandeep and Rathjita have been responsible for improving the menu, introducing themed dining (the popular Curry Nights) and coordinating entertainment (New Years Eve live music).

A range of formal events are held at the restaurant, including Weddings, Engagements, Business meetings and Political events.

Rated five stars on both Trip Advisor and Facebook, Meningie's Cheese Factory Restaurant is a favourite with visitors and locals alike.

Product Range

Meningie's Cheese Factory Restaurant has a strong commitment to high quality fresh food and excellent customer service.

During the day, the restaurant offers a lunch specials menu that features:
• Greek salads
• Chicken salad
• Prawn salad
• Cake
• Desserts
• Coffee

In the evening, the restaurant expands their offering to a full a la carte menu including:
• Snitzels
• Fish
• Steak
• Salads
• Pork cutlets
• Desserts

Location

Meningie has a resident population of around 1000 people, and it is an important service centre that supports the wider regional population with their shopping, banking, health and education needs.

Meningie is also an integral part of the Murray River, Lakes and Coorong tourism region due to its close proximity to the Coorong and Lakes.

During the summer months, the regional population swells as holidaymakers move to the Lake and Coorong for respite.

Immediately adjacent to the Lake Albert Caravan Park and foreshore, the restaurant is a favourite dining space for holiday makers

Recent Performance

The current operators, Sandeep and Rathjita Tati have operated the business for more than five (5) years. The business is easily managed by a couple, with support from casual staff in the evening.

Ease of Transition

The current owners are prepared to teach the incoming managers/owners.

Financial Records

An up to date Form 2 has been prepared that details the trading figures for the last 3 years.

Staffing

In addition to the business owners, Meningie’s Cheese Factory Restaurant employs one-two casual staff to assist in the evenings.

Freehold Overview

3a Fiebig Road, Meningie is home to the Meningie Cheese Factory Restaurant and features:

• A solid brick building and gardens overlooking Lake Albert
• A dining room
• Commercial kitchen
• Bar and drinks service area
• Outdoor dining/entertaining area
• A 2 bedroom Managers Flat
• Male and female toilets
• Amenities and service area

3a Fiebig Road, is a large, generally square, shaped block of 2003m2 situated in Meningie and is zoned ‘Caravan and Tourist Park’.

Generally flat, the block has good access and visibility to Narrung Road and the tourism precinct/area alongside Lake Albert.

3a Fiebig Road, Meningie is currently leased to a commercial tenant who pays $20k per annum plus outgoings. However, the building suits a wide variety of retail, hospitality and commercial uses.

The current tenant (Meningie Cheese Factory Restaurant) has an ongoing lease (5 years) with the owners of the building and this business is currently on the market. The current lease is subject to an annual 3% CPI increase.

Immediately adjacent to the Meningie Cheese Factory Restaurant is the Meningie Cheese Factory Museum which is separately owned (under a Community Title Plan) but shares the same main roof and building façade.

Wrapping around the Meningie Cheese Factory Restaurant is a large parcel of undeveloped land, also owned by the Meningie Cheese Factory Museum.