Mudgee’s longest established takeaway restaurant, Market Street Takeaway, is now for sale offering potential new owners a rare business opportunity to increase their income and become their own boss.

This thriving enterprise is situated in a prime Market Street position with a wide alfresco dining opportunity benefitting from a beautiful northerly aspect and views of Mudgee’s iconic heritage buildings.

Market Street Takeaway, also registered as Mudgee Takeaway, operates six days per week from 10am to 8pm (closed on Sundays) offering a golden opportunity for purchaser/s to unlock further income streams in an already highly profitable business undertaking.

Summary:

This local iconic takeaway outlet has been operating since 1983 and under new ownership almost three years ago has become a burgeoning business capable of even further turnover and higher profit margins with an extension of opening hours and a more extensive use of an excessively large premises.

Market Street Takeaway specialises in quality fresh foods including burgers, BBQ chicken, house battered fish and chips, home cooked meals and is famous for its homemade salads, desserts and scallops.

Location Details:

Located on Mudgee’s main street just a few doors up the road from a great park with a beautiful wide footpath the perfect setting for alfresco dining.

Income:

A strong history of reliable, attractive yields that would instill confidence in any prospective owner of a hospitality business.

Net profit from FY 2021/2022 displays an average of around $34,697 per month and a total of $416,365.

Potential:

Opportunity to increase trading hours/days

Implement website and social media

Onsite alfresco dining

Utilise large unoccupied space at rear of building

Hours:

Mon to Sat: 10am to 8pm (Sun: Closed)

Lease:

$1195 a week until 17/7/2024, plus 3-year option.

Employees:

5/6 current casual staff

Reason for Sale:

Owners are looking to retire

The Mudgee Region is located in the Central Tablelands of NSW, just over 3 hours from Sydney. The Region has a dynamic and friendly community along with a strong and diverse economic base, providing opportunities for future business development and growth. The Region also attracts over 573,000 visitors each year to experience the local wine, food, sporting and cultural events.

Population

24, 826 as at 2017

(Source: Mid Western Regional Council)

Area

8,752.3 square kilometeres

Major Towns and Centres

• Mudgee
• Gulgong
• Kandos
• Rylstone

Major Industries

• Mining
• Agriculture (including Viticulture)
• Construction
• Retail
• Tourism

Competitive Advantages

• Diverse and growing economic base
• Centrally located to Sydney and Newcastle and major regional centres in NSW
• Strong transport links - daily air and coach services
• Skilled workforce
• Strong business services sector
• Great lifestyle benefits
• Thriving tourism, arts and cultural sectors
• Adequate water supply

Mudgee region

Mudgee is the second oldest settlement west of the Blue Mountains, following Bathurst. We enjoy a township population of around 10,000 and a total regional population of 23,000.

Nestled in the beautiful hillsides on the western slopes of the Great Dividing Range, known as the Central Tablelands of New South Wales, Mudgee is a comfortable three and a half hour drive beyond the Blue Mountains (260km) north west of Sydney or three hours from Newcastle.

A stylish village enclave that’s renowned for its wines, mines and honey in addition to its pub, café and shopping culture, Mudgee is emerging from these roots with a boutique distillery, local chocolatier and brewery adding to its tourist appeal.

Heritage architectural buildings and homes are scattered throughout the town and surrounds, giving Mudgee the allure of a bygone era with a central streetscape ideal for leisurely strolls.

Australian pub culture is prominent, locals and visitors alike can relax and enjoy beautiful live music in traditional country beer gardens or trendy pocket style wine bars.

Family and friends can put the daily grind aside and linger over a latte whilst wandering through the Farmer’s Markets, gathering fresh regional produce, perhaps for a picnic afternoon in one of the area’s stunning national parks.

Winery tours are exceptionally popular with tourists, visiting Mudgee’s many cellar doors which sell fine quality wines, artisan cheeses and much more. The region has grown into a thriving wine and food producing district. In the last few years, mining has again become a substantial industry player, particularly coal and there is a new influx of families relocating.

A strong percentage of “Tree Change” residents who traded city life for the joys of country living gives the Region’s culture a strong metropolitan flavour.

Schools

• 3 Public High Schools
• 8 Primary Schools
• 1 K-6 Catholic School
• 1 K-12 Catholic School

Daycare Centres

• Puggles Child Care Centre
• Mudgee Little Learners
• Gowrie NSW Mudgee
• Squeakers Long Daycare
• Milestones Early Learning
• Kiddie Academy
• Happy Days Gulgong

Recreation

• 70 Sports Groups
• 10 Gyms & Exercise facilities
• 65 Interest Groups
• 69 Parks across the region

The road trip

From Sydney:

around 3.5 hours along the Great Western Highway through the Blue Mountains, or follow the Bells Line of Road to Lithgow. The turn off for Mudgee is just past Lithgow (the last traffic lights you’ll see for a while), then look out for our billboard with exit instructions (2km). On your journey, be sure to plan enough time for a detour to explore the gorgeous heritage towns of Gulgong, Rylstone and Kandos.

From Newcastle:

take the famous Bylong Valley Way for a 4 hour drive via Maitland, Denman and Sandy Hollow. Turn at Sandy Hollow and explore the villages of Rylstone or Kandos before arriving in Mudgee. Alternatively, take the road via Merriwa and Ulan to Gulgong or Mudgee.

From Canberra:

5 hours via Yass, Cowra and Wellington or via Cowra and Bathurst or via The Tablelands Way through Goulburn, Crookwell and Oberon to Bathurst, then Wattle Flat, Sofala and Mudgee. The road is fully sealed, easy peasy.

From Wollongong:

To make a formal offer on this property, please fill in the form below and will will give you a call to discuss your offer further.

Please note that this written Notice of Offer does not bind either party to an agreement, the buyer may change their mind at any stage up to exchange of contracts with no penalty. Should there be multiple offers of the same figure terms and conditions will be investigated or a second round of offers will be announced.