For sale is a thriving neighbourhood cafe located in the South of Canberra.
The cafe is in a suburban location located in a small strip mall next to an IGA supermarket and enjoys little competition and a captured market of local customers.
This established and popular cafe has been running for almost 10 years under the same name and location.
The business runs only 48 weeks a year witha long break at Christmas and Easter.
The current operators have owned the business for 3 years and have successfully run the business during this time, everything is well organised including the financials and will give first time buyers comfort that they are taking over a profitable yet manageable business.
One of the main drawcards of this business is how attractive the lease is, my clients have very recently renewed their lease recently with a 5×5 year term and base rent that equates to less than $600 per week, which is a metric that many other business owners will be viewing with envy as a low cost of occupancy makes it so much easier and less stressful to run a profitable operation.
First time buyers can face many challenges when looking for a business is challenging landlords who require tenants with proven experience but this landlord is quite relaxed and so this business is an ideal opportunity for someone looking for a neighbourhood cafe.
The business currently has over 8,200+ followers on social media, 5 * on Uber eats and is one of the highest-rated cafes, 4.6* on Facebook and 4.5 * on Google
This would be perfect for a young couple or person who is looking for an profitable and affordable yet manageable first business.
Please note that Images used are generic in nature and do not reflect the actual business in order to protect the privacy of my clients operation.
To access a detailed information pack including financial information memorandum please enquire on this listing below (you will first be required to sign a non disclosure document).
Lease Details
A 5×5 year lease commenced in June 2023 with base rent set at $27,453.49 plus gst per annum
Opening Hours
Business hours Tue – Fri 7.00am – 2.30pm and sat – Sun 7.30am – 2.30pm
Opportunity
Plenty of potential for growth; buyers could apply for a Liquor licence and start dinner service, or extend business hours.
**Weekly **
Sales $13,178
Rent $580
