Suburban Cafe | Low rent, Long Lease | $25k per week Sales | Established Brand & loyal Customer Base

$429,000 Plus SAV

Description

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 café and it is a thriving location with little close by competition.
• Great Lease The lease would have many other café 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 café was fully updated in 2021 at a significant experience and the café 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 café. 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 Info

5x5x5 year term commenced in 2022

Trading Times

7.30-2pm Mon-Fri 8am-2pm Sat-Sun

Size of Premises

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

Weekly Sales & Turnover

Coffee Sales Per (Kg)

35/40

Wages

$5,500

Turnover (inc GST)

$25,000

Rent

$1,250

Reference No: RICG1903

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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Canberra ACT