Suburban Cafe | Low Rent, Long Lease | $25k Per Week Sales

Business For Sale Gowrie, Australian Capital Territory 2904

Business Category Cafe and Coffee Shop Restaurant Takeaway Food

$429,000 + SAV

Description

Suburban Cafe | Low Rent, Long Lease | $25k Per Week Sales

New to market is an exciting opportunity to pick up a well performing cafe that will inevitably tick a lot of boxes for any discerning purchaser.

Here are a few key elements of this great business;

Location, the cafe is located in a southside suburban shopping centre with plenty of supporting businesses such as a supermarket, pharmacy and more. There is a strong population of locals who support the cafe and it is a thriving location with little close by competition.

Great Lease The lease would have many other cafe owners weeping with jealousy and was renewed in 2022 with a 5 year term and 2 further 5 year options available. The cost of occupancy is less than 5% of turnover

The FItout The cafe was fully updated in 2021 at a significant experience and the cafe presents beautifully and will continue to serve well into the future.

The Team The cafe is run under management with the current owners not taking an active role in the day-to-day management of the cafe. Key staff have been consulted and have indicated willingness to stay on after the sale.

Well Established The business originally opened in 2014 and trade has shown steady and regular growth over that time and is a very well established and known part of the Canberra coffee scene.

Genuine Reason For Sale The business is owned as part of a portfolio by a consortium of buyers who are facing new, bigger strategic opportunities and they are looking to sell this business to release equity.

Priced To Sell We have fully appraised the business to current market conditions and it is priced affordably and competitively and the business should suit a wide range of buyers.

If you would like to see an information pack before this amazing business is snapped up the hit the enquire button now.

*Please note that for privacy reasons listing images are generic in nature and do not represent the actual business.

Lease Details

5x5x5 year term commenced in 2022



Premises Details

76 square meters inside and 32 in the covered al fresco dining area

Opening Hours

7.30-2pm Mon-Fri

8am-2pm Sat-Sun

** Weekly**

Coffee Sales 35/40

Sales $25,000

Rent $1,250

Wages $5,500
Contact Seller
Robert Illsley

Bsale ID: 644477
Broker REF: 67257

GSE Hospitality Brokers
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