For Sale $295,000 Plus SAV
The world has become a very different place in the last couple of months with the Coronavirus disrupting life for the whole world, as with any major disruption there are winners and losers and Suburban cafes are showing themselves to be some of the most durable businesses with lower rents, more loyal, sustainable customer bases and more relaxed leases.
Since the Coronavirus lockdown this business has enjoyed significant growth. You heard that correctly it has grown its turnover by around 30% on the financials advertised which are pre lockdown, with many of the cafes regular customers working from home they have gone from 40 kilos of coffee a week to 50!
This business enjoys low rent that is less than 5% of turnover despite high demand and very little immediate competition. The Turnover is a very healthy $17,500 averaged out over the 2018/2019 year, with current sales tracking around $22k.
The café has been with the same owners since it opened 2014 and has experienced consistent sales growth and the cafe is a very popular destination for all dedicated Canberra foodies serving simple yet interesting dishes and great coffee.
The professionally minded owner has ensured the business has kept strong, provable financial records from the beginning meaning the business will appeal to first time buyers and experienced operators looking for a new challenge.
The café seats approximately 30 inside, another 28 in the enclosed, heated courtyard and 16 outside. The kitchen includes fully commercial appliances and plenty of storage space.
The owners have recently signed a brand new 3×5 year lease meaning there is plenty of time to run on the lease and have also employed a café manager who will prove invaluable in assisting a smooth transition to new owners.
This café is sensibly priced, well established and profitable with enviable metrics, take advantage of their success and make it your own.
*Listing image is for advertising purposes only and does not represent the actual business