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North Canberra Cafe | Sales over $3 Million PA | Nets $800/900k

Description

For sale is one of Canberra’s most successful independent cafes.

The current owner has diligently built up the trade during more than a decade of ownership and has decided that the time has come to sell in order to focus on other business opportunities.
The business has been exhaustively prepared for the market and will tick all the boxes that a savvy investor will be looking for;

• A 5×5 year lease started recently with rent that represents less than 5% of turnover.
• The location enjoys very little competition and a strong base of regular trade.
• No specialist skills required from new owners and the intellectual property will be straightforward to transfer.
• Great management team in place are ready to assist in transition.
• Industry leading margins that can be maintained under new management.

Despite challenging trading conditions trade has remained strong and with the threat of covid starting to recede sales are likely to improve further.

Businesses as strong and attractive as this do not come along regularly and we already have off market interest so if you are in the market for a highly profitable, proven business with a great location then get in touch today.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

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Lease Info

Size of Premises

Weekly Sales & Turnover

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Coffee Sales Per (Kg)

Cost of Goods​

Wages

Net Profit​

Turnover (inc GST)

Gross Profit​

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