Opportunity for a strategic buyer to enter the catering market for a fraction of the setup costs. With replacement asset value of $1M, great local reputation and full financials available, this is definitely one to consider. This business has been a Canberra local favourite for 20+ years with the current founding owner.
With sales revenue exceeding $1.2 million for FY23 and annual rent at only 7% of turnover, this business presents a lucrative investment opportunity either as a standalone venture or as an addition to an existing business portfolio. With all the equipment and infrastructure in place, a driven and experienced operator can easily see and take advantage of this opportunity.
For a strategic buyer, this opportunity could also serve as a centralised kitchen for a multi-site operation.
Additionally, as our client owns the premises, there's potential to discuss purchasing the buildingan added opportunity for expansion and stability.
Key Features:
Established Reputation: With over 20 years of experience and a loyal customer base, this multi award-winning catering business has built a stellar reputation locally for delivering exceptional experiences for events of all sizes and occasions.
Café Outlet: The café outlet at the front of the premises serves as a retail showcase for the catering business while offering excellent coffee and a diverse menu, including extensive gluten and dairy-free options, catering to a wide range of dietary preferences.
Fully Equipped Kitchen: Take advantage of the state-of-the-art kitchen facilities, outfitted with high-quality equipment, designed to streamline operations for maximum efficiency and productivity.
Comprehensive Infrastructure: From catering order management systems to streamlined processes, the comprehensive infrastructure provides the tools and resources necessary to seamlessly manage day-to-day operations and drive business growth.
Fleet of Vehicles: Includes a fleet of refrigerated vehicles enabling seamless transportation of catering goods to venues across the Canberra region, ensuring timely delivery and impeccable service for every event.
COGS 35%
Wages 31%
Op Exp 17% **
Rent 7%
NP 10%
**Op Exp present higher due to vehicles
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Lease Details
A new 5 x 5 year lease. - CPI. increases A Three month bond is required - bank guarantee
Premises Details
Block size: 214 m² approx. Retail size: 154 m² approx.- Toilet, Full commercial kitchen and store room. Outdoor seating area, rear roller door access
Staff Details
The business is currently run with 4 Full Time chefs plus owner and 5 casual team members across the catering and café outlet.
Opening Hours
Catering 6 days Mon Sat (Sundays on special request with minimum spend)
Café 5 Days Tuesday Friday 7am 2pm, Saturdays 9am 2pm.
