Coffee Guru Casey - Absent owners must sell...

Business Details

Absent owners must sell...
The two owners know that they are giving away the store at this price, but as they are committed to their jobs and other businesses, they must sell this coffee shop quickly. 
The cost to fit out and set up an equivalent shop would far exceed $200,000. 
Position, potential and price are the three best descriptors that should compel you to inquire about owning Coffee Guru Casey.
The shop is ideally located at one of the main entry points of Casey Market Town, a major centre serving the Gungahlin region, which has been recently reported as Australia’s second fastest growing region. 
The modest 4.5% franchise fee (turnover) is outweighed by the great benefits the business owners receive, including favourable supply agreements, turnkey business systems and strong local branding. 
In fact, one of Australia’s leading four banks is prepared to provide finance to approved operators. The current owners are so confident that they are also prepared to finance the incoming owner partly. 
On average, there are 1,300 transactions per week and approximately 85% of sales on coffee or drinks, with a very small food component.  
With a secure lease and rent at less than $1,000 per week, this is the perfect opportunity for someone to have their own business. 
To find out how, send your full name, mobile number and the reason that you are interested in Coffee Guru Casey to

Financial Snapshot

Reporting Period 2019 Weekly Average 2018 Weekly Average Weekly Average
Sales $471,275.78 $9,063.00 $431,529.77$8,298.65 $0.00 $0.00
Gross Profit $305,027.15 $5,865.91 $285,936.72$5,498.78 $0.00 $0.00
PEBITDA $105,989.34 $2,038.26 $74,933.66$1,441.03 $0.00 $0.00
Rent $47,214.82 $907.98 $44,640.68$858.47 $0.00 $0.00
Owners Wages $170,884.18 $3,286.23 $189,071.00$3,635.98 $0.00 $0.00

Business Summary

Canberra, Australian Capital Territory
Cafe/Coffee Shop.
The premises are leased.
• Lease commenced on: 1 February 2016
• Lease expires on: 31 January 2024
• Term of the lease: 8 years
• Option: One further option of 7 years 
• Bank guarantee: 3 month bank guarantee, allow an amount of $11,000
• Base rent: $33,040 plus GST per annum
• Monthly rent: $3,052.67 + GST + storage unit $178.54 + GST
• Outgoings: $814.37 + GST
• Annual increases: Fixed increase review - 3.5%. Review date is each anniversary of the commencement date.
• Public liability insurance: $20 million
• SQM: Our tenancy is 60 SQM internal, we have access to approx. 20 SQM externally for outdoor seating, and the storage area is approx. 8 SQM.
Total employee wages for 2019 were $170,884.18 (excluding superannuation). Total employee superannuation was $13,267.51 in FY 2019. The owner contributes 2-3 hours per week to the business. Employees consist of: 1 Store Manager 4 Wait Staff 7 Baristas
Mon-Thurs:6:00am to 5:30pm; Fri:6:00am-7:00pm; Sat:6:30am to 5:00pm; Sun:7:30am to 4:00pm
Owner Operated - Franchise

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Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : $139,950

Stock at Value : $3,500.00

Finance Options :

Frank Walmsley

0400 446 605