Only 5 nights - $100k plus fitout - Rent less than $40k - Own for less than $100,000

Business Details

This established business located in the heart of Torrens is ready for a new lease on life!

Unfortunately, the seller has not been able to dedicate the time and effort required to maximise the true potential of this offering.

The seller is ready for a new owner to take charge, presenting an excellent opportunity to a dedicated and savvy purchaser with fresh and innovative ideas for the restaurant’s direction.

Located on the Torrens shopping strip, the business is well positioned to attract locals from Torrens, Mawson, Pearce, Farrer and Chifley. With the upgrade to the shopping centre and the introduction of a childcare centre the possibilities are endless.

With affordable rent at $3,157.65 (including GST) per month, why pay the rents of the inner south or city when you can get everything you need and much more with considerably more affordable rent in the Woden Valley the geographical heart of Canberra!

Here is the kicker... the current owner only opens six nights and works about 22 hours a week. The turnover is not massive, but for a single owner-chef, it's impressive.

The seller has invested heavily in a stunning fit out which sets a unique atmosphere and modern equipment and knows they will not receive the full amount back. Their loss can be your gain. Why spend $100,000 on a fit-out when you can have a fully established and systemised business ready to go!

In brief:
*$265,627 turnover, $192,109 gross profit in FY 2016
*$3,157.65 rent per month (including GST)
*Modern fit out
*Exceptional location
*Low overheads

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 $230,070.00 $4,424.42 $265,628.00$5,108.23 $310,912.00 $5,979.08
Gross Profit $158,072.00 $3,039.85 $192,226.00$3,696.65 $212,025.00 $4,077.40
PEBITDA Being prepared $0.00 $20,209.00$388.63 $41,038.00 $789.19
Rent $29,526.00 $567.81 $34,447.00$662.44 $37,317.00 $717.63
Wages and salary $71,043.00 $1,366.21 $85,002.00$1,634.65 $71,913.00 $1,382.94

Business Summary

Canberra, Australian Capital Territory
Restaurants.
  • The premises is leased.
  • Premises: Shop 3A Torrens Place, Torrens ACT 2607
  • lease commenced on: 02/02/2009
  • lease expires on: 31/01/2012
  • Term of the lease: Three (3) years
  • Option: Three (3) years
  • Base rent: $31,200 per annum ($2600.00 per month) plus GST
  • Monthly rent: $3,157.65 (including GST)
  • Outgoings payable: See lease summary below
  • Rent review rate: 2% increase
  • Bond/Bank guarantee: N/A
  • SQM: 220m2 or 8 ¾ perches as listed on the lease
Employees consist of: One chef/owner Floor Manager Kitchen Hand Two cooks
22 hours
Owner operated

Enquire Now

Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $95,000+SAV

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au