 The town was known as Port Cygnet until 1895, Lovett until 1915 and then Cygnet.There are two pubs, three bottle shops, one RSL club, two petrol stations (one with an ATM), a Commonwealth Bank, Bendigo Bank, Catholic and Anglican churches, three cafe/restaurants, a hardware store, three doctor's clinics, a couple of backpackers hostels, a bookshop, newsagent, two hairdressing salons, two butchers, take away food shop, organic grocer and various other clothing and special interest stores including a local cider makers bar and cellar door.A new restaurant called Ilha opened in winter 2019, specializing in tapas style Latin American fusion.