A perfect place to start, at a fraction of the price.

Business Details

A set of extraordinary circumstances has resulted in the owner of this ideally positioned hospitality needing to sell and fast. 
 
He directly invested about $90,000 on the fitout and establishing his Crepe Cafe. "Frank, if I didn't need to return home I’d keep it. It's now starting to work for me.”
 
As a part of the sale deal, you take over the lease and pay him for the fitout and brand it how you like or keep the Crepe Cafe going.
 
He battled with the barriers and bollards on Mort Street Braddon as the buildings around him were built - they are gone now!  He now needs to leave urgently, just as the business is starting to grow. 
It's ideal for some who has a big idea that will fit into a smaller space. 
 
Well, not that small, about 40 SQM more or less.  The rent is under $40k per annum, and for the potential of the high volume location, that is excellent. 
 
There is plenty of street seating with an ACT Government licence and plenty of common area seating. 
 
He is prepared to work with buyers to get a sale. He knows that it's unlikely he will get his investment back. 
 
If you have an interest in owning email sales@capitalcommercial.com.au  or call exclusive broker Frank Walmsley 0400446605.

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Braddon, Australian Capital Territory
Cafe/Coffee Shop.
The premises are leased.
  • Lease commenced on: 1st February 2020
  • Lease expires on: 31st January 2025
  • Term of the lease: 5 years
  • Option: One further period of 5 years
  • Bank guarantee: 3 months’ rent plus GST – $7,500
  • Base rent: $32,000 per annum excluding GST
  • Monthly rent: $2,500 excluding GST
  • Annual increases: 4% per annum
  • Public liability insurance: $20 million
  • SQM: Approx. 43 SQM
Tue - Sun 8:00am 3:00pm Mon - Closed
Owner Operated

Enquire Now

Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : 65,000 plus SAV

Stock at Value : $2,000.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au