Sold

Canberra ACT

North Canberra Cafe | Sales over $3 Million PA | Nets $800/900k

Description

For sale is one of Canberra’s most successful independent cafes.

The current owner has diligently built up the trade during more than a decade of ownership and has decided that the time has come to sell in order to focus on other business opportunities.
The business has been exhaustively prepared for the market and will tick all the boxes that a savvy investor will be looking for;

• A 5×5 year lease started recently with rent that represents less than 5% of turnover.
• The location enjoys very little competition and a strong base of regular trade.
• No specialist skills required from new owners and the intellectual property will be straightforward to transfer.
• Great management team in place are ready to assist in transition.
• Industry leading margins that can be maintained under new management.

Despite challenging trading conditions trade has remained strong and with the threat of covid starting to recede sales are likely to improve further.

Businesses as strong and attractive as this do not come along regularly and we already have off market interest so if you are in the market for a highly profitable, proven business with a great location then get in touch today.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

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Lease Info

Size of Premises

Weekly Sales & Turnover

Coffee Sales Per (Kg)

Cost of Goods​

Wages

Net Profit​

Turnover (inc GST)

Gross Profit​

Rent

Business Listed by

rob-illsley-800x800

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

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