Suburban Cafe | Rent less than $600 P/W | Ideal First Business

$199,000 Plus SAV

Description

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 Info

A 5x5 year lease commenced in June 2023 with base rent set at $27,453.49 plus gst per annum

Trading Times

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 & Turnover

Turnover (inc GST)

$13,178

Rent

$580

Reference No: RISBM1107

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 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.

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Canberra ACT