The Daily Grind Cafe

Business Details

This 5-day-a-week cafe has been designed perfectly for the first time business operator. Just because The Daily Grind is ideal for entry level owners, doesn’t mean its low on profit or high on effort.

There is a reason 5-day cafes like this are high demand - it is because they are easy to operate, serve a primary need for many from local customers and present an opportunity for growth for the new owners.

The Daily Grind has the following key attributes:

* a simple yet successful menu and operational model
* an abundance of local office workers located in the heart of Barton and so close to Parliament House, and
* a massive outdoor service area that is totally under-utilised.

All this and more with the winning ticket of nothing to add ; except maybe a website to help promote your fantastic new business.

With an owner’s profit of $103k in 2014 and $151k in 2013 and financial statements and tax returns, we are confident this business will be able to attract business finance secured against assets. The business turnover is just under $500k for 2014 and there is nothing to spend...

So if you have been looking and have missed out in the past, then please pick up the phone and call me to discuss your plans and we can assist you in owning this rare opportunity!

Financial Snapshot

Reporting Period 2014 Weekly Average 2013 Weekly Average 2012 Weekly Average
Sales $492,683.00 $9,474.67 $526,125.00$10,117.79 $578,507.00 $11,125.13
Gross Profit $301,522.00 $5,798.50 $345,664.00$6,647.38 $362,724.00 $6,975.46
Operating Profit/(Loss) $82,029.00 $1,577.48 $107,529.00$2,067.87 $100,133.00 $1,925.63
PEBITDA $103,416.00 $1,988.77 $151,612.00$2,915.62 $100,133.00 $1,925.63

Business Summary

Canberra, Australian Capital Territory
Cafe/Coffee Shop.
  • The premises is subleased:
  • Sublease commenced on 1st November 2014.
  • Sublease terminates on 31st October 2019.
  • Commencement rent of $53,445.87 per annum (excl. GST)
  • Annual increases at 3.5% on 1st November of each year.
  • 3 months’ bank guarantee plus GST (approx. $13,361).
• The owner does not work in the business. • The owner’s wife, the head chef, works and runs the business. • 1 Barista operates the coffee machine. • 1 Kitchen hand assists the chef. • 1 Sandwich hand focuses on making sandwiches. • Total employment expenses (wages, superannuation) for 2013-2014 were $78,463.
• Monday - Friday: 07:00 to 16:00
Owners wife operator

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Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $169,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605