Cafe/Restaurant for Sale
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
For sale is an attractive and well-established café & Bar in a bustling and developing suburb on the North-side of Canberra.
With other business opportunities to focus on my client has instructed me to find a buyer as quickly as possible and is prepared to accept offers above $70k for the business.
This will be a cash purchase to take over the lease and purchase the fixtures and fittings of a functioning business.
Braddon has some major residential developments coming online in the near future and the commercial opportunity this represents to local businesses is significant.
The business has been operating since 2017 and enjoys an attractive and modern fit-out with an open plan commercial kitchen with a top of the range ‘Waldorf’ branded cooking lineup, 10 tray combi oven and plenty of fridge space. It also has a fully stocked bar equipped with beer taps and postmix, televisions and projector with Foxtel.
The café has a mixture of indoor and outdoor seating and is licensed for up to 72 patrons inside and 22 outside.
The lease started in February 2013 and has a main term of 7 years with 2 x 5 year options available to extend.
This is an exciting opportunity to pick up a functional, attractive business in one of Canberra’s best locations for less than the cost of a new fitout.
* Stock photo - not actual business photo.