This well-established café in South Canberra enjoys a reputation as one of the best destinations in Canberra for interesting food and delicious specialty coffee including single origin and filter roasts.
The business was established over 6 years ago and has enjoyed sustained growth since it opened, the business has thrived despite challenging economic conditions thanks to its superior location in a thriving Southside suburb.
This business enjoys low rent, less than 5% of turnover and enjoys high demand with very little immediate competition, this is far ahead of industry benchmarks and allows higher margins.
The owners are experienced industry professionals and have ensured that 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 margins are great with a 29% food cost and 35% wage cost meaning the business outperforms many corporate competitors.
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 other business interests and have decided that the time is right to sell this business while it still has plenty of potential for further growth. This business ticks all the boxes that a smart purchaser will be looking for;
• Low rent and high turnover offer great margins and plenty of time left on the lease.
• Strong, provable financials and established base of trade.
• Fast return on investment – $190k P/A to working owner.
• Experienced staff willing to assist in transition including cooks.
• No franchise or establishment costs, make money from day one.
*Listing image is for advertising purposes only and does not represent the actual business
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