Furnished
Highly Profitable Busy Cafe in the City

(no street name provided),City ACT 2601

By Negotiation

BusinessSize: n/a
Block size: 3726 m² approx.Business size: 137 m² approx.
Annual Turnover $650,000 plus

This cafe situated in a great location in the city has been running since 2004. With the same owners running it for over 10 years it has established a name for itself, open on weekdays from 7:30am until 4:00pm. There is many opportunities and potential for it to grow, which can be discussed in a meeting with me. However at the same time for those looking for a highly profitable weekday business so time at night and on weekends can be spent on more important things like family, this is the business for you.

Business Highlights

* Location: Situated on the corner of the main pathway to go to CIT, Air Service but also in very close proximity (150m) to four large government departments.
* Long Lease and good terms with very attractive rent, including a large outdoor seating area total floor space including outdoor area approx 330m2 . Cost of rent per annum 66k including GST.
* With 70k plus worth of assets and equipment this is a great opportunity with no renovations required or if you like to give the cafe a face lift, would require very little renovations.
* As mentioned previously there is very high exposure in that area with many students and government departments near by, furthermore we are the first cafe seen by guests staying at the Crown Plaza Hotel. Therefore the opportunities to open on weekends are available.
* The National Convention Centre is very close by and there are many conferences and function held by them throughout the year. Breakfast and lunch are usually not catered by them therefore when there is an event, sales will increase by 30 percent on the day.
* Currently the business does not do any catering services to the many government departments in the area. Often you will see outsourced catering services supply the catering needs of the area. Therefore a careful sought business plan to tap into the catering market of the area is available.

This is a great business opportunity for diverse business minded people. It allows owners to grow and further improve the business into many different concepts and business ideas, to increase its sales and profits further! The current owners have been in the hospitality industry for 30+ years and are looking to retire.

This business is sold by expression of interest, all financials are available so please do not hesitate to contact me.
Features
  • Alarm
  • Body Corporate
  • Central Heating
  • Fully Furnished

Inspections

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

Key Details

Property Type:Business
Block Size:3726 (approx)
Business Size:137 (approx)
Stamp Duty:$0

What's Nearby

Ainslie Primary School, AinsliePrimary School
1.3km
Campbell High School, CampbellHigh School
1.7km
Calvary Private HospitalHospital
5km
Canberra CentreMajor Shopping Centre
0.4km
Australian National UniversityUniversity
1.1km
Merici CollegeCollege
1.8km
City Post OfficePost Office
0.4km
  • Jason Lee

    Private lister

City Suburb Information

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

Contact details

Jason LeePrivate lister
Please send me information on (no street name provided), City ACT 2601
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This listing has been viewed 1827 times. It was first displayed on 11/08/15 and last updated on 04/12/15.