Business Under Offer Kingston, Australian Capital Territory 2604
Business Category Cafe and Coffee Shop
Under Contract / Offer
Southside Cafe | Sales $13k Per Week
For sale is a cafe located in Kingston in Canberra's Inner South. The cafe has a relatively small footprint and is relatively easy to run with 2 to 3 staff. The business currently operates 7 days per week and offers a range of breakfast and lunch items as well as juice and smoothies.
It enjoys an established brand that is popular and well known with other sites around the city which yoiu ccan either take advantage for or change the name and put your own stamp on the business.
The cafe has a full commercial kitchen with limited indoor seating and 30 dedicated seats outside which are very popular with local residents as they go about their days.
Sales are conservatively $13k per week but average more like $15k in the Summer months.
The owner is selling because this smaller shop no longer fits into his growth strategy and he would like to free money and resources for other projects.
This is an affordable business with the additional revenue stream from the accommodation and a strong base of trade making this an attractive business that would be ideal for a first time operator.
5 years with a further 5 year option started August 2020. Rent reviews based on CPI.
7am-3pm 7 days
Size of Premises
179 m2 inc 1 car park.
Owner operator living onsite would immediately have a very decent living from this business or the owner can enjoy the revenue stream from the flat. Retaining the brand and IP would ensure a smooth transition and customer goodwill is retained and sales will grow as the business and the area become more established.
Turnover (inc GST) $13/15k
Net Profit $2,000/$2500
Similar Businesses For Sale
Cafe and Coffee Shop Engineering Manufacturer
Cafe and Coffee Shop Franchise Business Opportunities