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Food, Beverage & Hospitality business for sale in Belconnen

  • Food, Beverage & Hospitality
  • Belconnen ACT 2617
  • $278,000 plus Stock

Profitable Licensed Cafe run under Part-Management: Canberra North Side

Business ID: BS9703

2018 Turnover: $735,000. 2018 Profit to Owner: $165,000. Asking Price: $278,000

In business for the last 14 years and operating from Beissel Street Belconnen. In the day, the large windows overlooking Lake Ginninderra make this cafe the ideal place to enjoy a leisurely breakfast, lunch or afternoon tea. In the evening, the relaxed setting helps create the perfect atmosphere for functions and celebrations.

Fresh produce sourced from local suppliers is used to create seasonal menus that are value for money. The Cafe is fully licensed offering a well considered wine list, local and imported beers and refreshing non-alcoholic drinks.

Revenue is derived from 3 main sources:

- Busy Cafe Trade
- Catering to the many offices surrounding the Cafe
- UBER Eats and Takeaway

BUSINESS HIGHLIGHTS

• Business can be run under full management. The current owner works around 10 hours a week mainly on admin and bookkeeping functions.
• Current management will stay in place and all staff will continue to work as per normal
• Owners Profit for 2018: $165,000
• All assets / equipment / fit-out fully paid for and included in Sale Price
• Established business with 14 years trade history
• Plenty of unit development on the go with new office blocks and residential high rises being built and finalised
• Established regular customer base
• Predictable turnover. (Average of $15,000 p/w)
• Predictable profits to owner: 2015 Profit of $150,000 and 2018 being $165,000
• Hours are Morning and Afternoon only

The owner is looking to move on Interstate and will pursue other opportunities. A full handover of all systems and processes will be given. All staff to continue working as per usual.

The business is turnkey for the new incoming owner. If you are looking for a great investment or looking to work the business for a very lucrative income, this business could be the one for you. Best of all, only working and open daylight hours Monday to Saturday. (Closed Sunday and Monday)

Asking Price: Priced at $278,000 plus Stock

Business Highlights

Business ID2014644055
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Last updated  18 Sep 2018
Map for Belconnen ACT 2617
Xcllusive Business Sale Balmain
G14, 1-15 Barr Street Balmain NSW 2041

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