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Takeaway- Canberra - Est 20+ Years

Business for Sale
King Arthur's Feast
Mitchell ACT

Up to 50% Vendor Finance available to approved purchaser. 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 $169,000 + 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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