For Sale $395,000 Plus SAV
For sale is a popular and growing 5 day lobby café located in a large commercial building in the centre of Canberra surrounded by large residential buildings, government departments and private offices. There has been a strong influx of new customers in the last few months due to growth in the area and this cafe is easily dominating the local market..
The café enjoys low rent of only $1,165 per week which represents only around 7.5% of turnover and enjoys a long 10 year lease with a further 5 year option meaning there is plenty of time to continue growing and developing the business and I would expect it to exceed a million dollars in turnover in the next couple of years.
The café regularly sells 45 kilos of coffee per week and offers a great range of breakfast, lunch and snack items. The cafe has been set up by a highly experienced, profit driven owner with a straightforward business model that make it attractive to first time buyers and experienced people looking for an existing opportunity.
The business regularly nets the current owner operator $4,000 per week meaning a savvy investor could potentially put a manager in place and still make a great profit.
There are several commercial opportunities that a new owner can explore for the business including adding a liquor licence with a view to pursuing private functions as well as expanding the catering side of the business.
*Listing image is for advertising purpose only and does not represent the actual business. A full Information Memorandum will be made available to qualified buyers.