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Elemental, elementary at this price.

Business Details

With a turnover of $900,000 plus and an owner's profit of $130,000 in the 2023 financial year, you can see why this 6.30 am to 2.30 pm 7-day-a-week cafe is remarkable value based on seller expectations.
 
The rent is about $6,000 monthly, below market for this tightly-held retail precinct. The landlord has offered a lease extension to approved buyers.
 
The business has a straightforward, easy-to-operate offering built predominantly around drink sales and an uncomplicated menu that the large pool of staff can implement.
 
It is a turnkey business with an asset value of $221,000, which exceeds the asking price of $215,000+.
 
Setting aside the high owner- profits, business model simplicity and low rent, one of the business's most appealing benefits is that it is open 54 hours per week.
 
The current owner is selling because he is pursuing business opportunities outside of hospitality.
 
Buyers with pre-approval finance or cash positions are encouraged to enquire based on recent sales of comparable businesses.
 
A statement of financial position provided by your accountant and a summary of business experience will be required to qualify interest.
 
If you are interested in owning Elemental, please email your full name, mobile to sales@capitalcommercial.com.au

Financial Snapshot

Reporting Period 2023 Weekly Average 2022 Weekly Average 2021 Weekly Average
Sales $938,378.00 $18,045.73 $783,824.00 $15,073.54 $843,522.00 $16,221.58
PEBITDA $128,587.00 $2,472.83 $116,251.00 $2,235.60 $81,894.00 $1,574.88
Rent $60,959.00 $1,172.29 $59,193.00 $1,138.33 $57,156.00 $1,099.15
Owners Wages $121,957.00 $2,345.33 $138,462.00 $2,662.73 $118,548.00 $2,279.77

Business Summary

Braddon, Australian Capital Territory
Cafe/Coffee Shop.

The premises are subleased.

• Lease commenced: 1 December 2019
• Lease expires: 30 November 2024
• Term of the lease: 5 years
• Option: 5 years
• Bank guarantee: 3-month bank guarantee, allow an amount of $15,305.76 plus GST
• Base rent: $56,027.76 plus GST per annum
• Current monthly rent: $5,101.92 plus GST
• Current outgoings: Air Conditioning General: $15.00 plus GST per month; Rubbish Removal: $49.51 plus GST per month
• Annual increases: Fixed increase review – 3.0%. Review date is each anniversary of the commencement date.
• Public liability insurance: $20 million
• SQM: Approx. 66 SQM (indoor) & 22 SQM (outdoor)

5 Cooks
4 Food and Beverage Attendants
1 Back House Manager (Owner’s Father)
1 Bookkeeper (Owner’s Mother)
1 Front House Manager (Owner)
Monday - 6:30am – 2:30pm
Tuesday - 6:30am – 2:30pm
Wednesday - 6:30am – 2:30pm
Thursday - 6:30am – 2:30pm
Friday - 6:30am – 2:30pm
Saturday - 7:30am – 2:30pm
Sunday - 7:30am – 2:30pm
Owner Operated

Enquire Now

Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $189,900

Stock at Value : $13,000.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au