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Kingston Cafe In Canberra For Sale

Canberra, Australian Capital Territory, Australia
Asking Price:
$190,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

The current operators have owned the business for 15-plus years, and you only stay in a business that long if it works. However, after a change in circumstance, they reluctantly need to sell this ideally positioned cafe with a near-perfect northerly aspect.

Pre-covid, the business generated $750k+ in sales on an annual basis. The Café is now returning to consistently turning over $15,000 a week.

The best thing about this business is the lifestyle offering it provides. With family-friendly trading hours Monday- Friday, 7 am-3 pm, and Saturday, 8 am 2 pm.

Introducing an evening service and Sunday trade could exponentially grow the profit potential.

There is not left to spend when it comes to the equipment and fitout, with a replacement value of approx $170,000

The owner admits that the business needs new energy "We have loved our years here, and it has been a great lifestyle business, and the cafe has really looked after us.

We know we could have expanded the hours and trade, but we didn't see the need. We have great customers, and we will miss them." Angela said.
A secure lease is in place, around $2k per week. The landlord will consider lease extensions for approved tenants.

Buyers should send expressions of interest to providing their full names and mobile number. The seller of the business has provided this information.

Property Information

Location:

Canberra ACT 2601

Other Information

Inventory / Stock value:
$10,000 (AUD)

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