Be the next Big Thing in Braddon

Business Details

Are you an innovator when it comes to cuisine? Do you like providing new and unique experiences to your customers? If you are keen to join the burgeoning fast but healthy food movement and know how to provide exceptional customer service then this could be your break!

The vendor has invested in a high quality fit out and has done all the hard work laying solid customer foundations, presenting immense value for the new owner who needs only to bring with them an input of fresh energy and new ideas. The fit out provides a warm kitchen country feel in a contemporary setting, providing comfort and character to customers.  

There is incredible growth potential in this business, and being situated in the heart of the hipster haven Braddon, gives it access to massive market of clean and lean eating customers with large disposable incomes. The owner believes there is huge potential to make the business thrive by creating innovative dining experiences for customers who demand an ever-evolving menu offering.

The location is set to explode with several new apartment buildings and the light rail under-development. The area is already home to existing apartment buildings and hotel accommodation. The business has a stable home with a 5 + 5-year lease in place and very fair rent of $4,990.42 per month.
 
The business is fully operational with systems and knowledgeable staff in place. On top of this, the seller is offering access to a data base of 2500 customers.
 
Financial snapshot for FY 2016:
Sales: $1,063,389
Gross Profit: $638,340
PEBITDA: $79,221

If you think you have what it takes to be the next big thing in Braddon, please make an inquiry today!

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 Weekly Average
Sales $848,341.00 $16,314.25 $1,063,389.00$20,449.79 $0.00 $0.00
PEBITDA $86,233.00 $1,658.33 $79,221.00$1,523.48 $0.00 $0.00
Gross Profit $528,616.00 $10,165.69 $639,340.00$12,295.00 $0.00 $0.00
Rent $59,099.00 $1,136.52 $39,332.00$756.38 $0.00 $0.00
Wages and salary $280,215.00 $5,388.75 $394,768.00$7,591.69 $0.00 $0.00
Advertising $5,500.00 $105.77 $34,256.00$658.77 $0.00 $0.00

Business Summary

Canberra, Australian Capital Territory
Restaurants.
  • The premises is leased.
  • lease commenced on: 15 March 2015
  • lease expires on: 14 March 2020
  • Term of the lease: 5 years
  • Option: 5 years
  • Bank guarantee: An amount equal to 3 months’ Rent (plus GST) as at the Commencement Date, being initially $16,225
  • Base rent: $59,000 (plus GST) per annum
  • Base rent car park: $3,500 (plus GST) per annum
  • Monthly rent: $4,990.42 plus GST
  • Monthly rent for car spaces: $304.50 plus GST
  • Outgoings Year: Each period of 12 months ending 30 June
  • Tenant’s Proportion: 100% of increases over Base Year recoverable
  • Public liability insurance: $20,000,000
  • Rent review: CPI
  • SQM: 118 m2
1 Full time owner manager 1 contracted Book Keeper 1 Senior Chef 1 Sous Chef 4 Barista/wait staff 2 wait staff
61 hours
Owner operated

Enquire Now

Sales Summary

Sale Status : New Listing

Sale Method : Private Treaty with sav

Investment Amount : $189,950+SAV

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au