5 Day Café | Barton | $2M+ Annual Sales

$859,000 plus SAV

Description

Blue Chip Café & Catering Business | Premium Barton Location

An exceptional opportunity to acquire one of Canberra’s leading hospitality businesses, ideally positioned in the heart of the prestigious Barton office precinct.

Established for more than 10 years, this highly regarded café has built an outstanding reputation servicing the surrounding government departments, professional services firms and corporate workforce. This business has a diverse offering consisting of extensive grab and go/quick meals, a la carte menu, corporate catering and extended Friday trading, catering to the local after-work crowd.

The business has consistently generated more than $2 million in annual turnover and served approximately 45kg of coffee each week across the past three financial years. Combined with well-managed labour costs and disciplined cost of goods, it has delivered strong and consistent financial performance.

The business has been built on solid systems, an experienced team and a loyal customer base, providing an excellent platform for a new owner to step in and continue its success. While the current owners have focused on operating and maintaining a strong business, there remains further opportunity for an incoming owner to increase online visibility and social media engagement.

This opportunity would suit an experienced owner-operator or hospitality group looking to acquire a well-established business in one of Canberra’s premier commercial precincts.

Key Features:
• Annual turnover exceeding $2 million
• Approximately 45kg of coffee sold per week
• Prime Barton location surrounded by government departments, law firms and corporate offices
• Established business with more than 10 years of successful trading
• Secure 10 + 5 year lease commenced in 2020
• Strong and well-established corporate catering division
• Licensed venue with popular Friday afternoon trade
• Experienced team and established operating systems
• Consistent financial performance with strong profitability
• Opportunity to further grow through increased online and social media marketing

Quality hospitality businesses in Barton are tightly held, making opportunities like this few and far between. With secure tenure, established reputation, diverse offerings and consistently strong financial performance, this is an outstanding opportunity to secure one of Canberra’s premium hospitality businesses.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No

The business currently operates with 2 working owners (Manager and Head Chef), 1 x FT Chef, 1 x Casual Chef, 2 x Casual Kitchen Hands, 1 x FT Head Barista, 3 x Baristas/All rounders.

Lease Info

10 + 5 Year Lease Commenced 2020

Weekly Sales & Turnover

Coffee Sales Per (Kg)

45kgs

Turnover (inc GST)

$44,000 Gross

Reference No: RIDD0700

Business Listed by

Robert Illsley

Hospitality Consultant, Licensed Business Broker Canberra ACT @ GSE Hospitality Brokers

Robert Illsley is a licensed Real Estate Agent running the NSW Regional and Canberra office of GSE Business Consultants who specialise in selling food businesses.

I am very passionate about hospitality and have been involved in the industry for much of my working career. I trained as a Fine Dining Restaurant Manager and I have also been involved in the Wine Industry having spent 6 years working for one of th UK’s most well respected merchants.

In 2014 I set up my own specialty coffee shop which I ran for 4 years and I discovered a passion for broking when I came to sell my business. After a couple of bad experiences with brokers I discovered GSE and Paul showed me the right way to sell a business and he helped me to achieve a great price for my café in a reasonable time frame.

I understand that café owners are hard working people and when it comes to selling you want to entrust the sale to somebody who is as passionate about your business as you are.

I believe that selling a business works best in partnership between the broker and the seller and I work hard to gain an intimate knowledge of how your business works and what makes it special and unique and my passion and knowledge for the industry allow me to speak with authority when I am talking to buyers.

It is never too early to develop an exit strategy so if you have been thinking about selling or just want some help to understand what the process will be like when you do, then don’t hesitate to get in touch with me at any time.

Robert Illsley 0415 243 750

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

Furthermore, we want to emphasize that your consent to receive marketing communications from GSE is entirely voluntary, and you have the option to opt-out at any time. In every marketing email sent by GSE, you will find a convenient unsubscribe link that allows you to manage your preferences and cease receiving such communications. We respect your privacy and strive to provide you with a seamless and flexible experience tailored to your needs.
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For Sale

Canberra ACT