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Multi Award Winning Upmarket Cafe With a Reputation for Excellence

Cafes And Restaurants , Food, Sales below $1m

Canberra, ACT 43 Views

Asking Price $1,450,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • $3,100,000 Gross Sales per annum
  • $900,000 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Reference ID: 176894

Highlights

  • Multi Award Winning Upmarket Cafe With a Reputation for Excellence
  • The premises are owned by a supportive landlord
  • This business benefits from a prime location in a sought-after centre
  • Winner of numerous industry and business awards over the years

Executive Summary

UNDER OFFER

A large upmarket café with extensive indoor and outdoor seating. This cafe has a reputation for excellence in coffee, cakes, desserts and service. It is most definitely a favorite in Canberra.


Location Details

This business is located in a prime location in a thriving shopping centre in Canberra.


Potential

There are numerous opportunities such as a purchaser being able to put their own stamp on this business and introduce their own ideas and new products, e.g. gelato / ice cream. The business could add online ordering, which it does not offer at the moment.


Hours

Monday-Friday 7.30am-5.30pm
Saturday-Sunday 7.30am-4pm


Lease

Current lease is 7 years expiring in 2025


Employees

1 x Owner
1 x FT Head Chef
5 x FT Chef’s
3 x Casual Kitchen Hands
3 x FT Floor Staff
12 x Casual Floor Staff
2 x Casual Baristas
1 x Store Manager
1 x Outsourced Bookkeeper


About the Business

Key facts about this business:

-The premises are owned by a supportive landlord, willing to offer flexible lease terms to the next owner

-This business benefits from a prime location in a sought-after centre in a premium area of Canberra

-Run by a substantial team of staff with all the pastries and cakes supplied from the owner’s other

store (an arrangement which can continue under the same commercial terms for the medium term) - Excellent reviews online

-Winner of numerous industry and business awards over the years

For more information on this opportunity, please contact the undersigned:


FOR SALE BY VENDOR


Or


Allsales Business Consulting & Business Sales

T: 1800 858 696 E: support@allsales.net.au


Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owne's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, director’s benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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