Located close to the heart of Canberra and surrounded by both residential and commercial developments, this is a bustling coffee shop which enjoys a loyal local following of residential and business clientele.
The business is run under management with the owners playing only an overseeing role in the business. This is a compelling business that generates strong profits from a high volume of coffee sales, 40-50kg’s per week in brewed coffee, plus and additional 20kg per week in retail coffee bean sales. These are enviable coffee metrics that generate an average of $14k per week in a space that has very low rent costs.
With only a limited food offering, the wages and COG’s are also kept to a minimum which overall offers a profitable and easy to run business that will generate a strong income to any buyer.
The lease secures the business until 2024 with two further 3 year options available taking the total term out to 2030.
The business generates strong, provable profits due to the high coffee sales and low overheads and will appeal either to an owner operator looking for a relatively easy to run, profitable coffee shop or an existing cafe owner looking to expand.
*Please note that for privacy reasons generic images are used and do not represent the actual business*