Under Offer 14/03/2024
Elemental, elementary at this price.
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54/30 Lonsdale Street, Canberra ACT 2601

$189,900

BusinessSize: n/a

$189,900 plus SAV

With a turnover of $900,000 plus and an owner's profit of $130,000 in the 2023 financial year, you can see why this 6.30 am to 2.30 pm 7-day-a-week cafe is remarkable value based on seller expectations.

The rent is about $6,000 monthly, below market for this tightly-held retail precinct. The landlord has offered a lease extension to approved buyers.

The business has a straightforward, easy-to-operate offering built predominantly around drink sales and an uncomplicated menu that the large pool of staff can implement.

It is a turnkey business with an asset value of $221,000, which exceeds the asking price of $215,000+.

Setting aside the high owner- profits, business model simplicity and low rent, one of the business's most appealing benefits is that it is open 54 hours per week.

The current owner is selling because he is pursuing business opportunities outside of hospitality.

Buyers with pre-approval finance or cash positions are encouraged to enquire based on recent sales of comparable businesses.

A statement of financial position provided by your accountant and a summary of business experience will be required to qualify interest.

If you are interested in owning Elemental, please email your full name, mobile to sales@capitalcommercial.com.au

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Key details

Property type:
Business

Other Details

Capital Commercial Business Sales
  • Capital Commercial Business Sales

    Capital Commercial Business Sales

  • Frank Walmsley

    Capital Commercial Business Sales

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What's nearby

Ainslie Primary SchoolPrimary School
0.6km
Campbell High SchoolHigh School
1.5km
Calvary Private HospitalHospital
4.7km
Canberra CentreMajor Shopping Centre
0.9km
Australian National UniversityUniversity
1.7km
Merici CollegeCollege
0.7km
Braddon Newsagency & Post OfficePost Office
0.2km
Aust. Defence AcademyTafe
3.2km

Property history

We couldn't find any history for this property.
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Canberra suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
27 years
Population
4,835
Listing ID: 181755878. This listing has been viewed 555 times. It was first displayed on 06/07/2023 and last updated on 14/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.