5-day week cafe surrounded by government offices low rent and secure lease

Business Details

5-day week cafe surrounded by government offices low rent and secure lease.
Located in the heart of the Canberra Business Park, the Fat Goanna has a captive customer base from the APS offices, Deloitte, Raytheon and SMS consulting which have helped deliver a strong and consistent turnover. This is demonstrated through the 2500+ customers which are served each week as well as the strong growth in sales.
For this prime location you'd be only expected to pay $8,800 rent per month, which is a competitive rate in today's Canberra market.

This business is renowned for its quality food and beverages, with a consistency that has generated frequent return customers.

Not only does the business provide consistent return, but an excellent work life balance may be achieved from working in the business. The owner is currently only required to work throughout the week with plenty of free time on the weekends for friends and family.

In brief:

* Turnover of around $1,072,006 in FY 2015, $1,106,850 in FY 2016.
* Open 5 days, 7:00am to 4:00pm.
* Exceptional fit out.
* Operates weekdays only, providing a great work/life balance for the owner.

To express your interest and receive our full Business Information Package (BIP), please email - sales@capitalcommercial.com.au - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.

Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2016 Weekly Average 2015 Weekly Average 2014 Weekly Average
Sales $1,106,850.00 $21,285.58 $1,072,006.00$20,615.50 $1,132,329.00 $21,775.56
Gross Profit $712,308.00 $13,698.23 $668,034.00$12,846.81 $745,182.00 $14,330.42
PEBITDA $56,242.00 $1,081.58 $57,583.00$1,107.37 $138,568.00 $2,664.77
Rent $103,825.00 $1,996.63 $94,954.00$1,826.04 $110,259.00 $2,120.37
Wages and salary $401,817.00 $7,727.25 $356,804.00$6,861.62 $343,536.00 $6,606.46

Business Summary

Canberra, Australian Capital Territory
Cafe/ Coffee shop - 5 Days Cafe.
  • Premises: Canberra Airport (CBR), Shop 1/23 Brindabella Circuit, Canberra ACT 2609
  • Sublease commenced on: 1 August 2016
  • Sublease expires on: 31 July 2021
  • Term of the lease: 5 years
  • Option: N/a
  • Bank guarantee: 3 months rent including GST ($29,042 inclusive of GST)
  • Base rent: $105,607.32 ($386.84 per m2 x 273m2) per annum (exclusive of GST)
  • Monthly rent: $8,800.60 plus GST
  • Outgoings: Cleaning recovery, Water and Sewerage recovery.
  • Annual increases: Fixed 3.95%
  • Turnover Rent Percentage: 10% (threshold $1.1 million)
  • Public liability insurance: $20 million
  • SQM: 273 SQM
Employees consist of: 1 head chef 1 sous chef 1 pastry cook 1 Sandwich Hand 2 Baristas 4 Waitresses
Monday to Friday 7:00 am to 4:00 pm. 45 hours per week.
Owner operated

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Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $285,000+SAV

Stock at Value : $10,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605