| Average age: | 31 years |
| Houses: | 0.0% |
| Townhouses: | 0.0% |
| Flats & units: | 89.4% |
| Other: | 10.6% |
| Population: | 722 |
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:
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.
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
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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
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