This is an opportunity to pick up one of Canberra’s local success stories with a business that enjoys income from multiple revenue streams including a café and wine bar. This business is going to tick all the boxes that a savvy buyer will be looking for including;
– Established: The business opened in 2018 by a group of young industry professionals and they quickly built a reputation as the go to spot for specialty coffee and brunch in the fast growing suburb.
– Growing Business: The ambitious owners continually invested back into the business and they recently opened a wine bar in a separate but adjoining part of the premises which is bringing in a fast growing, second stream of revenue. Although run separately the businesses share a kitchen which keeps wages and occupancy costs down.
– Great Sales & Profit. In the 2023 – 2024 period the business achieved average weekly sales of $50k and $400k in annual (adjusted) net profit.
– Run Under Management. The owners only contribute to the roster when they have staff shortages and a buyer could easily convert the model to full management if they did not wish to work in the business. If you did want to work full time then replacing the owners would net an extra $100k on top of the profits.
– Great Lease. The current lease runs until 2032 with rent that is only 7% of turnover and competitive 3.25% increases.
– Genuine Reason For Sale. The owners have other interests and this sale is part of a strategic exit and they plan to offer a comprehensive handover to any purchaser.
– Finance Available. Initial conversations with a finance broker indicate that the business may well qualify for up to 50% funding for qualified buyers.
This is truly one of Canberra’s best cafés and will prove a real asset for whoever purchases the business.
Businesses as attractive and successful as this do not come along that often and are often tightly held so this could be your opportunity to grab hold of a real gem.
**Weekly**
Sales $50,403
Rent $3,198 + Outgoings
Wages $17,129
Net Profit $8,610
