New price
HIGH PROFILE BUSY CAFE

40 Marcus Clarke Street,City ACT 2601

$550,000

BusinessSize: n/a
Block size: 2332 m² approx.Business size: 100 m² approx.
Very profitable busy cafe in Civic for sale. Harvest Cafe has been operating in the same location for over eight years. It has a very loyal customer base and a solid reputation for quality specialty coffee. Harvest is known as one of Canberra's best coffee destinations and this is proven by a very high consistent turn over and repeat customer business.

Harvest has an excellent location with a high profile elevated corner position between Civic and the A.N.U. Harvest benefits from a very dense immediate working population and very high foot traffic, this translates into consistent strong sales and profit. Located on the most direct path between Civic and the ANU ensures a steady flow of university students.

A long lease is in place with below market rent and there is still 9 years remaining on the current lease.

The fitout and all of the equipment was refreshed in June 2017, everything is in excellent condition. No expense has been spared on the kitchen fittings and equipment. There is nothing left to spend, all equipment is well serviced and in perfect working order.

All assets and equipment are included in the sale. There is no current lease or loans attached to any of the fittings, fixtures or equipment. There is no money owing on any component of the business. All stock is included in the sale.

This is a high profile cafe in a high profile location with a solid customer base providing constant repeat business. This is an incredible opportunity to purchase a cafe of this reputation with a very high return on investment.

The business is operated completely under management with full training provide to the successful purchaser.

Financials :

Turn over for the 2018 financial year $1,185,000

Rent for the 2018 financial year $82,650

Gross profit for the 2018 financial year $720,000


Total shop area of approx 100 square metres.

Trading five days per week, Monday to Friday.


Web Address : http://www.harvestcoffee.com.au

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Block:3
Section:2
Block Size:2332 (approx)
Business Size:100 (approx)
Stamp Duty:$0
  • Justin Harvey

    Private lister

Maps and area information

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Block information
Block 3 Section 2 City
Block size: 2332 (approx)
Legal description: CANB/CITY/2/3/
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What's Nearby

Ainslie Primary School, AinsliePrimary School
1.3km
Campbell High School, CampbellHigh School
1.9km
Calvary Private HospitalHospital
4.7km
Canberra CentreMajor Shopping Centre
0.6km
Australian National UniversityUniversity
0.8km
Merici CollegeCollege
1.6km
City Post OfficePost Office
0.1km

City Suburb Information

 
 
Average Age
24 years
Population
2,824
City Profile
City Occupancy

Contact details

Justin HarveyPrivate lister
Please send me information on 40 Marcus Clarke Street, City ACT 2601
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This listing has been viewed 500 times. It was first displayed on 03/07/19 and last updated on 21/10/19.