$1 - Yes That's Correct, $1

Business Under Offer Chargrill Harry's Cafe Barton, Canberra, Australian Capital Territory 2600

Business Category Cafe and Coffee Shop

Under Contract / Offer

Description

$1 - Yes That's Correct, $1

These iconic premises have operated continuously as a food outlet for almost 50 years with only a handful of owners during that time. Most recently operating as Chargrill Harry’s Café and prior to that, The Lachlan Court Cafe.

Unfortunately, due to Covid-19 the most recent operator had no choice but to walk away, however with restrictions easing and staff returning to their workplaces, the requirement for this handy food outlet to be in operation is increasing.

Most equipment required to run the cafe is there for the new operator.

There is a large fully equipped kitchen and indoor seating area of approximately 217 sqm, and an enclosed outside area of 86 sqm. The lease includes 2 underground reserved parking spots at the back of the shop.

The landlord is keen to find a new tenant so has offered a 3 MONTHS RENT FREE period to get you started!

The annual rent is very reasonable at $70K PA+ GST. There will be annual CPI increases only. THE ANNUAL RENTAL INCLUDES ALL OUTGOINGS. The new operator would only be responsible for paying for water usage, electricity, gas, cleaning, rubbish removal, maintenance of equipment and grease trap.

Initially, the plant and equipment will continue to be owned by the landlord. The new operator will have the option to continue on with the lease at the end of the first 4 years, and at this time, the plant and equipment will become theirs if they renew the lease for a further 4 years or longer.

Previous opening hours have been Monday - Friday, however the option to open from 7am to 10pm 7 days a week if so desired is allowed. The landlord would also be open to allowing some modifications to the theme of the site if so desired.

There is a great opportunity to not only cater to a large number of workers and passing trade during the day, but you could also cater to a large number of residents in the area in the evening.
Should this amazing opportunity interest you, DO NOT delay making an enquiry as it will be snapped up by a smart operator very quickly!

There is also an opportunity to purchase the premises if so desired for a price of $1.65M.

For more information please contact Michael Newham of Finn Business Sales on XXXXXXXXXX or email XXXXXXXXXX
Contact Seller
Michael Newham

Bsale ID: 546992
Broker REF: 6545786

The Finn Group
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