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
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast
In displaying this information, Allhomes relies on information supplied by nbn. Connection data presented may change from time to time, may not be accurate, complete, up to date, and may not have been validated for accuracy, completeness or reliability.
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Key details
Property type:
Business
Block Size:
2508 m²*
Unimproved Value:
$7,600,000 (2022)
Other Details
Block:
25
Section:
21
Rates (Residential):
$42,365*
Rates (Commercial):
$418,538*
Rates (Rural):
$7,110*
Land Tax (Residential):
$88,470*
Legal description:
CANB/BRAD/21/25
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
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A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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.
