Spacious Fyshwick Cafe | New 10 Year Lease | 6 Day Trade Plus Private Functions

Business For Sale Fyshwick, Australian Capital Territory 2609

Business Category Cafe and Coffee Shop

$240,000 + SAV

Description

Spacious Fyshwick Cafe | New 10 Year Lease | 6 Day Trade Plus Private Functions

For Sale is a spacious (240 square Meter) cafe in the busy industrial suburb of Fyshwick. The business has been with the current owner for 10 years and the owner has decided the time is right to move on to other challenges. The cafe seats around 100 people inside and enjoys another 30 outdoor seats at the front of the shop.

The cafe regularly achieves sales of $15k per week and the owner also hosts private functions and events which bring in lucrative additional revenue.

The business is well known for quality food and great coffee and there is a strong base of regular customers that visit the business with a diverse demographic.

Anyone looking for a business that enjoys a large space with a strong base of trade and affordable rent secured by a long term lease will want to snap up this well priced opportunity.

*Image used for advertising purpose is generic and does not represent the actual business

Lease Info
There is a brand new 10 year lease available for approved purchasers with a base rent of $59,625 which equates to only $250 per square meter. Broken down this is $1,150 per week which is well under the benchmark of 10% of turnover.

Trading Times
7.30 - 3.15 Mon -Thu
7.30 - 5.00 Fri
8am - 3.30 Sat
Closed Sundays

Size of Premises
238 Square Meters

Opportunity
Increase opening hours to include Sundays would bring in more revenue. With a current focus on sit down meals the cafe could offer more convenience food and 'grab and go' options such as sandwiches, and snacks. Increasing the catering and functions trade would also fuel further growth. The large space could also appeal to anyone looking to install a roastery on site.

**Weekly**
Coffee Sales Per (Kg) 35/40
Turnover (inc GST) $15,000
Rent $1,150
Contact Seller
Rob Illsey

Bsale ID: 582585

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