Xpresso Bar

Business Details

Are you looking for a premium business with strong growth and profits with little owner involvement?
 
Located in the heart of the Canberra Centre, Xpresso Bar benefits from the massive passing trade of its central location as the only café in the food court. Xpresso Bar has built an exceptionally large customer base of premium quality repeat customers from the surrounding Centre, Corporate and APS precincts. This has guaranteed the businesses strong financial performance since its opening in 2014.
 
This business is renowned for serving world class Ona coffee and premium quality cake, with a consistency that has generated frequent return customers.
 
Xpresso Bar is a super cash flow business, turning over upwards of $40,000 - $50,000 per month, and churning through almost 350kg of coffee per month.
 
The business has demonstrated accelerating growth over the past three years due to fast growth in new customers through positive word of mouth.
 
With an experienced and confident hospitality team, the business is well prepared for the large volumes of trade it does on a day- to-day basis. The business can run itself when the owner is not present, enabling them to take extended overseas trips while letting staff handle operations.
 
For this prime location, you'd be only expected to pay $8655.33 (GST inclusive) rent per month, which is an exceptionally fair rate in today's Canberra market.
 
Better yet, you get one of Canberra’s most unique and fresh fit outs. Renovated as recently as 2014, this fit out includes a fresh timber finish and a vertical garden.
 
In brief:
 
 * Turnover of around $580,313 and PEBITDA of $74,574 in FY 2017.Net profit of over $55,000.
 * Owner only works between 20-25 hours per week, plenty of time to pursue other interests.
 * Exceptional location as the only café in the lower Canberra Centre Food Court.
 * Outstanding reputation for specialised coffee and cake offerings.
 * Loyal and consistent customer following.
 * Extremely high passing foot traffic.
 
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 Weekly Average 2016 Weekly Average 2015 Weekly Average
Sales $580,313.00 $11,159.87 $570,325.00$10,967.79 $490,136.00 $9,425.69
Gross Profit $311,618.00 $5,992.65 $333,255.00$6,408.75 $297,306.00 $5,717.42
PEBITDA $74,574.00 $1,434.12 $69,657.00$1,339.56 $94,671.00 $1,820.60
Rent $86,378.00 $1,661.12 $84,020.00$1,615.77 $84,832.00 $1,631.38
Wages and salary $105,652.00 $2,031.77 $127,522.00$2,452.35 $90,545.00 $1,741.25

Business Summary

Canberra, Australian Capital Territory
Cafe/Coffee Shop - 7 days a week.

The premises is leased.

  •     Shop CL11, Lower Ground Food Court, Canberra Centre.
  •     Lease commenced on: 31 October 2013
  •     Lease expires on: 30 April 2020
  •     Term of the lease: 5.5 years
  •     Option: This will be considered by the landlord closer to the expiry of the lease.
  •     Bank guarantee: An amount equal to the sum of 3 months’ payment of Base Rent, Promotion Fund       Contribution, an the Lessee’s Proportion of Operating Expenses plus an amount equal to the GST amount payable on that sum.
  •     Base rent: $70,000 per annum at commencement (plus GST), as varied under this Lease.
  •     Current monthly rent: $8,655.33 (including GST, Outgoings)
  •     Current monthly outgoings: Total Outgoings are $1072.57 per month (including GST). This can be broken down into $379.15 in Promotional Levies (including GST), 468.45 (including GST), Sullage Removal $224.97 (including GST).  
  •     Annual increases: 5%
  •     Public liability insurance: $20 million
  •     Promotion Fund Contribution: Initially $3,500 per annum (plus GST) which increases proportionally with increases in the Base Rent.
  •     Turnover Rent: The amount by which 10% of turnover exceeds the Base rent in any financial year (or the part of a Financial year which falls during the Term).
  •     Refurbishment date: The day after the Expiry Date (If the Lessee continues its occupation of the Premises from that date)
  •     Refurbishment Obligations: Fully refurbish and upgrade:
                   (a)    The Premises including the shopfront;
                   (b)    The lessee’s fittings;
                   (c)    Internal and external finishes; and
                   (d)    Signage,
                    In accordance with the Fitout Guidelines.
Employees consist of: 1 Casual manager 1 2IC 3 Casual baristas
Mon to Thurs, 8am to 5pm. Friday, 8am to 8pm. Saturday, 8am to 4:30pm Sunday, 9am to 3:30pm.
Under management, part time owner operated.

Enquire Now

Sales Summary

Sale Status : New Price

Sale Method : Private Treaty

Investment Amount : $100,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au