Specialty Coffee Shop 40kg’s per week
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
This well-established café in South Canberra enjoys a stellar reputation as one of the best destinations in Canberra for interesting food and delicious specialty coffee that includes single origin.
The business was established over 6 years ago and has enjoyed sustained and strong growth since it opened. Despite many businesses facing challenging trading conditions this business has maintained its sales and in fact has been more profitable in the 2019/2020 financial year.
Location location, location. Among the current disruption Suburban cafes have proven themselves to be some of the most durable businesses with lower rents, more loyal, sustainable customer bases and more relaxed leases.
This business enjoys low rent that is less than 5% of turnover despite high demand and very little immediate competition.
The owners are experienced industry professionals and have ensured that the business has kept strong, provable financial records from the beginning meaning the business will appeal to first time buyers and experienced operators looking for a new challenge.
The café seats approximately 30 inside, another 28 in the enclosed, heated courtyard and 16 outside. The kitchen includes fully commercial appliances and plenty of storage space.
The owners have other business interests and have decided that the time is right to sell this business while it still has plenty of potential for further growth.
The owners have recently signed a brand new 3×5 year lease meaning there is plenty of time to run on the lease and have also employed a café manager who will prove invaluable in assisting a smooth transition to new owners.
This business ticks all the boxes that a smart purchaser will be looking for
• Low rent and long lease
• Strong, provable financials and established base of trade
• Fast return on investment
• Experienced staff willing to assist in transition
*Listing image is for advertising purposes only and does not represent the actual business
Turnover (inc GST) $17,494.00
Net Profit $3,601.64
Stock (extra) $5,000.00