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Takeaway- Canberra - Est 20+ Years

Business for Sale
King Arthur's Feast
Mitchell ACT

5 1/2 days/week Prime location in industrial area Well established, offered for sale for first time in 16 years Would suit a family

Price $149,000 + SAV

Takeaway- Canberra - Est 20+ years

Stock Included:
Stock Value:
Years Est: 20+
Gross Revenue:

About The Business

Traditional classic takeaway. 5 1/2 days per week.

Years Established

20+ years

Products & Services

Wide range of hot food prepared onsite along with traditional takeaway food. Plus an extensive sandwich bar.

Features

Extremely busy with a loyal clientele and constant flow of tradies, local workers and visitors.

Location

Position on the corner of a prominent main street in an industrial area. Approved light rail tram stop to commence later this year in Mitchell. Ample free parking.

About The Area

Opposite a large government department and surrounded by commercial businesses as well as a close-by cemetery/crematorium

Trading Hours

Monday-Friday
6:30am - 3:30pm

Saturdays
7:30am - 1:30pm

Lease

Long lease to December 2021 with a 3 year option.

Financials

Information package available to genuine buyers.

Employees

Owner plus 3 casual staff

Equipment

Valued at approx. $120,000

Training

Owners prepared to stay on during change over period.

Potential

Growing industrial area. Potential to increase turnover and extend trading hours.

Reason For Sale

Owner retiring

Comments

For years King Arthur's Feast has been serving the ever expanding industrial precinct of Mitchell.

The customers don't use Facebook apps to order, nor Uber eats or Deliveroo.

Truckies, builders and local office workers, regulars, too many to mention - start coming through the door from about 6:30am until early afternoon 5 days per week and half a day on Saturday.

The simplicity of operation, easy hours and consistence of trade is the reason the current owners, Robert & Jenny, have stayed here for 16 years.

It's served them well with low rent just a touch over $1000 per week and little need for employees.

The equipment and fitout are worth well over $120,000 and there is a long secure lease in place.

Rob and Jenny would, happily let you try before you own by placing a moderate holding deposit and getting to meet the regulars.

Contact the owner directly 0409 996 673.





Contact Seller

Contact: Robert Ermini
Mobile: 0409 996 673
Bsale ID: 252643




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