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Listing ID: 3247142

Fyshwick café only $129k. Government building only 5.5 days per week. For Sale

Fyshwick, Canberra, ACT, Australia

AU$ 129,000

(Furniture / Fixtures included)

Revenue: AU$ under 100k

Cash Flow: AU$ 0 to 100k

Business Description

Summary
Cracking café with the added security of being in a government building with very little competition. Profitable with a solid loyal following, this is an opportunity not to miss. Only 5.5 days/week.

Potential
Well established with a great following, the ability to grow the client base is entirely up to the incoming owner. Happy with the current, profitable set up, no problem, leave it as is? Want to add catering, functions, liquor licence, entirely up to you?

Reason for Sale
The owners have built up a fantastic busines over many years and now it is time to pass the baton on to the next owner to enjoy their own business.

About the Business
Wonderful Fyshwick café, popular, full service, licenced café located in the heart of Fyshwick next to a number of major department stores, offering a comprehensive full breakfast and lunch menu. With increases in year-on-year profit over the last three years, requiring minimal outlay for advertising and marketing, this is a rare business opportunity in Canberra that has clearly bucked the downturn trends and continued to increase in profitability and popularity.

The opportunities for this great Canberra business are endless. The owners are a couple of good friends with young families and have enjoyed setting their working hours to around 25-30 hours per week with the café open six days – Monday to Friday 7.30am – 4.00pm and Saturday 8.00pm to 1.00pm. These sensible working hours have allowed the owners to manage their time to their advantage, but there is a great opportunity for new owners to reconsider opening times to perhaps consider expanding into evenings or a Sunday market if additional profits are desired.

With an enormous floor space, the restaurant is perfect for special functions, parties and business events, and has seen many great celebrations over the seven years of operation, with minimal noise restrictions due to its location. There is an opportunity to pursue more private functions, or to consider focusing on expanding the catering side of the business with a great opportunity to increase revenue with very minimal outlay.

Anyone considering venturing into a new business that has amazing opportunities for growth and expansion should definitely come and look at the space and consider future possibilities. If you are looking to walk straight into a manageable and easy to run business, with a great client base, this is a perfect business for you.

The local area will continue to expand and grow with the enormous block across the road recently sold. The building houses a number of small businesses who purchase catering regularly and also patronage the café. The local cafés in the area do not provide any real competition for as this is a unique café with a real restaurant feel providing something different for customers.

The time is right for the business owners to sell the business and they are ready to leave it in good hands. The business has received great customer reviews over many years, and has made many close friends who are committed customers.

Is it time to run your own destiny and work for yourself? Call Andrew from Summit Business Brokers today for further details. 0418 676 400.

Property Details

Property Type:

Lease

Other Details

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