Café Society and Kiosk

Business Details

Café Society and Kiosk has all the hallmarks of a potentially great business.

• Five days
• Captive market
• Exclusively located in a large government building

It has a huge captive audience by way of it being the only cafe located in the one of the main Department of Social Services buildings.

5-day-a-week  cafés in major government department buildings come onto the market rarely so act quickly! Cash buyers can capitalise on the urgency of the seller’s tricky situation.

You will need experience in running large cafes that can service 2000+ occupants.

You will have a distinct advantage in that you will have the only cafes in the building.

You will need to be a cash buyer, ready to move and settle within three weeks, subject to landlord approval.

Given the urgency, there may be the capacity to enter into a licence agreement until the settlement is finalised.

The reality is that there are two venues up for offer: a small boutique kiosk which comprises about 20 sqm and services the southern end of the building, and the much larger cafe which is approximately 650sqm inside and outside and located at the main entrance.

The credentials of its possibilities and potential profitability are without question; how we got into this situation is another discussion. Simply put, the current owner bit off more than she could chew and now must sell for a significant loss.

Given that the cafe only opened in January 2019, we cannot provide figures or bankable financials. This is why price expectations have been heavily discounted from the $850k investment in the fit out.

We have the property information and the details of the equipment and fit out that will be sold unencumbered and clear title.

If you have an interest in owning this rare opportunity, please email sales@capitalcommmercial.com.au ASAP. This would have to be one of the best opportunities I have seen in 10+ years, and across 260 Canberra-based sales under my belt. Frank Walmsley 0400446605

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Canberra, Australian Capital Territory
Cafe/Coffee Shop,
Cafe/ Coffee shop - 5 Days Cafe.

The premises are leased.

  •  Lease commenced on: 18th October 2017
  •  Lease expires on: 18th October 2027
  •  Term of the lease: 10 years
  •  Option: 5 years
  •  Bank guarantee: 3 months’ rent plus GST - $48,124.98
  •  Base rent: $175,000 plus GST per annum
  •  Monthly rent: $16,683.34 (excel GST)
  •  Outgoings payable by tenant: N/A
  •  Annual increases: 4% per annum
  •  Public liability insurance: $20 million
  •  SQM: Total 654 SQM; Balcony 256 SQM; Kiosk 18 SQM
The employees consist of: • 2 Mangers • 4 Baristas • 2 Front House Staff • 1 Head Chef
Monday to Wednesday: 7:30am - 3:00pm Thursday to Friday: 7:30am - late
Owner Operated

Enquire Now

Sales Summary

Sale Status : Under Offer

Sale Method : Private Treaty

Investment Amount : $430000

Stock at Value : $4,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au