1 On One Espresso is the only cafe located at the Department of Finance on No. 1 Canberra Avenue, Forrest.
The business is the perfect solution for a buyer looking for the opportunity to generate an executive income and build on the excellent base the current owners have created while working family-friendly hours.
This type of business comes on the market very rarely in Canberra, and the business owners' motivation to sell is clear and straightforward: they can't and don't want to manage two businesses at the same time.
With the turnover exceeding $1,000,000 per annum and the rent at a touch under $3000 per week, this is a gilt-edged investment opportunity.
There is an excellent complement of staff in key positions, and the current operator explains that the social hours are a huge attraction to finding and retaining staff.
The fitout is exceptional and offered clear-title—this means no tricky equipment leases.
The days of tenants buying businesses in large shopping centres where no lease security or loyalty is offered are over!
Why sacrifice 10% in turnover for non-performing franchises?
Keep your weekends, have long-term security, retain profits by owning 1 On One Espresso at the Department of Finance.
In the first instance, you will need to sign a deed of confidentiality. Once that is completed, my office will send you a business information package after review.
Now, we haven't set a price for the simple reason that the owners are motivated to sell and want to listen to the market. I've sold equivalent businesses for between $400,000 and $600,000 in the last ten years; this should work as a price guide.
|Reporting Period||2018||Weekly Average||2017||Weekly Average||2016||Weekly Average|
|Wages and salary||$247,012.09||$4,750.23||$307,682.02||$5,916.96||$0.00||$0.00|
The premises are leased.
Premises: 1 CANBERRA Avenue, Forrest
Lease commenced on: July 2016
Lease expires on: June 2026
Term of the lease: 10 years
Option: 5 + 5 years
Monthly rent (Inc. outgoings): $13,447.85
Bond: $38,076.50 including GST
Annual increases: 3.5%
Public Liability insurance: $20 million
SQM: 300 m2
Sale Status : Under Offer
Sale Method : Private Treaty
Investment Amount : $460000
Stock at Value : $0.00
Finance Options :
1300 793 690
0400 446 605