Summary

Michelago General Store, the heart of historic Michelago.

Potential 

Reason for Sale

After 8 wonderful years running this village general store, Sally and Tom are now ready to spend more time on their property and with their now adult children who all spent time working at the store before embarking on their own careers. That provides an incredible opportunity for only 1 buyer.

About the Business

The town Michelago General Store is located right in the middle of this incredibly historic town. The
town was established in the 1820s in a beautiful valley between 2 mountain ranges. To the east is the
highest and most spectacular section of the Tinderry Nature Reserve and to the west is Clear range.
Michelago Creek runs through the village and feeds into the Murrumbidgee river.

Michelago is located only 20 minutes south of Canberra on the way to Cooma, so an extremely easy drive
for anyone looking for the relaxed rural lifestyle with all the advantages a large, regional city has to offer.
Bearing in mind the immense popularity of Murrumbateman to the west, Gundaroo to the north and
Bungendore to the east, it is evident exactly how popular this new, size restricted satellite district will be
and with 4 times the current population, Michelago General Store is ripe for incredible years ahead from
feeding tradies in their beautiful café to supplying locals all essentials for many years to come. The
Monaro Rail Trail is another exciting boost to the region’s tourism economy with the Federal
Government commit $1 million to begin works on the recreational cycle trail along the disused rail
corridor from Queanbeyan to Bombala to directly stimulate village business trade.

The current population is around 560 with an estimated full population of 2,000 once major development
works are completed. Obviously, once the population quadruples, the store will become more popular
than ever and while the owners recognize they will miss the opportunity to enjoy the benefits of that
growth, they are prepared to sell at current market value allowing the next owner a remarkable
opportunity to reap all of the rewards.

Michelago General Store has an extremely captive audience supplying a massive range of products from
groceries to alcohol to feed for livestock and pets through to their brilliant café set with a full commercial
kitchen, huge amounts of dry storage as well as a large cool room. The business has mountains of great
reviews on social media, TripAdvisor and google. On top of these glowing accolades, the business all
won the prestigious “Retailer of the Year” award at the Snowy Monaro Business Awards in 2021.
The current owners work a combined total of 45 hours to 50 hours a week (not each). Although this
cracking business provides a great return, after 8 years at the helm they are ready to put more time into
their property and family. Profit has increase year on year for the last 3 years with plenty of blue sky
ahead.

This is a wonderful, unique business opportunity that is as rare as they get. Being so close to Canberra but
providing that rural retreat lifestyle, having a captive market in what is soon to be a rapidly expanding
village, the team at Summit believe this will sell really well. We are seeking offers above $295,000 plus
stock at value. If this amazing story sounds of interest to you, please call Andrew from Summit Business
Brokers today on 0418 676 400 to secure your future.