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Queanbeyan Cafe, Canberra

$690,000

Queanbeyan Cafe

This Queanbeyan café has been established for over 35 years and has a reputation reaching across the country and further. Like most successful enterprises, the business is systems-run with a full complement of staff: the rosters include 11 employees on the floor, 8 in the kitchen. The three current owners are responsible only for counting the till and ordering alcohol, for which they attract a healthy profit (EBITA) totalling over $200,000 each year.

The café generates attractive profits thanks to an extensive and targeted marketing campaign which helps bring people through the door, including ads in the nearby shopping centre, an effective website, and sponsorship of two local sports teams. The high value and quality customers receive while at the café ensures the development of repeat clientele. Unique offerings also help to make this café stand out not only locally, but nationally as well.

Asking price $690,000 + SAV

In brief:

  • Owner's earnings (EBITA) consistently above $200,000 p.a.
  • Average weekly revenue over $31,000 for 2010
  • Gross profit of 61.46%
  • Base yearly rent $90,000 for 222.6 square meters
  • Trades 7 days, 8am – 3pm and 5pm – 9:30pm

The current owners have other business interests they would like to pursue, leaving the opportunity open for you to invest in this national icon and profit-making machine. Nothing to do, everything to gain, even the potential to expand operations further by developing the private and corporate functions side of the business.

If you are interested in this business, please use the ‘enquire’ form on this webpage or alternatively register your interest via email to sales@capitalcommercial.com.au – our friendly sales team will be more than happy to provide a detailed business dossier containing financial and operational information for this business. Email is the best avenue to guarantee a timely response, however we are also contactable by telephone on 02 6253 4664.
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Agent Details

Capital Commercial Business Sales

P: 02 6253 4664
F: 02 6253 4665
E: sales@capitalcommercial.com.au

Suite E1, 1 Hall Street Lyneham ACT 2602
www.capitalcommercial.com.au

Capital Commercial Canberra Pty Ltd
Licensed Agent
View all sales listings for this agency

What do I need to purchase this property?

Initial Requirements (assuming sale price of $690,000)

Stamp duty $31,425
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $69,000
  Total initial payment:   $102,580

Monthly Repayments (assuming deposit of $69,000 and sale price of $690,000)2

Loan repayments on $621,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $4,111 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 11/7/11, last updated on 10/4/12, and has been viewed 2040 times. Please note the counter is not updated immediately.

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