Rent less than $800 PW - T.O $8000 5 Day Cafe

Business Details

 If you're committed to own your own business in 2017, then start with Quizine. Based in the heart of Phillip this 5 1/2 day a week cafe is small on hours, low on rent but big on opportunity.

The focus of the cafe has been on providing quick, affordable and healthy food to the Phillip locals.  This simple yet effective menu can be enhanced if you are aiming for a more traditional offering.
What's clear is that the rent is cheap, the location is extremely busy and not a cent needs to be spent on this impressive fit-out.

Key highlights of the business:

* Rent less than $800 PW - T.O $8000 – 5 ½ Day Cafe
* Weekly turnover of $8800 excluding GST.
* All fit-out and equipment owned by the business (except Aircon)
* No night trade. Social hours.
* Large 150sqm cafe including coolroom, office, back-end kitchen and storage. Space is perfect for operating a catering business.

Optional sublease:

A sublease option can be negotiated with the current owners who would be interested in access to the kitchen and equipment after hours (after 5:30pm). This option is negotiable, with a proposed sublease amount of $10,400.00 plus GST per annum for 1 year with a 1 year option. This would bring the effective rental price of the tenancy to $28,600.00 plus GST per annum. Please discuss this option with the business broker. This option is at the buyers discretion.

Entry-level cafe buyers are encouraged to enquire as this is the ideal investment for someone looking to maintain lifestyle balance while achieving control and freedom in running their own business.

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 2017 (annualised) Weekly Average 2016 Weekly Average 2015 Weekly Average
Sales $365,304.00 $7,025.08 $460,102.00$8,848.12 $462,408.00 $8,892.46
Gross Profit $215,583.00 $4,145.83 $265,000.00$5,096.15 $267,242.00 $5,139.27
Rent $48,922.00 $940.81 $65,281.00$1,255.40 $50,130.00 $964.04
Wages and salary $98,999.00 $1,903.83 $132,433.00$2,546.79 $111,526.00 $2,144.73

Business Summary

Phillip, Australian Capital Territory
Cafe/Coffee Shop.
  • The premises is leased.
  • Premises: 17 Botany Street Philip ACT 2606
  • Sublease commenced on: 1 September 2016
  • Sublease expires on: 31 August 2021
  • Term of the lease: 5 years
  • Option to renew: 5 years
  • Base rent: $39,000 plus GST
  • Monthly rent: $3,250 plus GST
  • Outgoings per year: 7.47%
  • Security: 3 months rent, $10,725 including GST
  • Annual increases: 3%
  • Public liability: $20 million
  • SQM: 150m2
Employees consist of: 1 Kitchen Manager 1 Kitchen staff/cook 2 Front of shop/Barista staff 1 Kitchen hand 1 front of house service staff Total employment expenses (wages, superannuation) for 2016 were $132,433.
54.5 hours

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Sales Summary

Sale Status : Under Offer

Sale Method : Private Treaty

Investment Amount : $35,000

Stock at Value : $10,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au