Tallow and Thyme

Business Details

This Braddon based cafe has all the fundamentals in place.

Turnover:  Nearly $900,000 in 16/17 and $1.063 million for 15/16.

Cheap rent: Approximately $60,000 per year, and a long lease stretching to 2025,

Price below fit-out cost: It cost them roughly $250,000.

Niche brand: Loyal customer based and high rate of repeat customers.

But the number fundamental that exists for this sale is seller motivation. We can't disclose the circumstances bring the business to the market, but let's say that the vendors need a result and fast.
Tallow & Thyme has carved out a niche in Canberra’s Culture Centre of Braddon. It specialises in wholefoods, health foods, gluten-free and everything essential to the modern diet. You can make the kitchen go any way you want, and it can be converted to fit the food preparation needs of almost any new owner.

Does it have a grease trap? A Combi Oven? A fryer? A Salad prep fridge? You bet it does, and there’s much more.

With the opportunity to take this restaurant in a new direction, be your boss and lay down minimal cash, you’d be hard pressed to say no.

To express your interest and receive our full Business Information Package (BIP), please email 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.
  • Address: 44/38 Mort St Braddon
  • 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

Investment Amount : $60,000

Stock at Value : $5,000.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au