Debacle

Business Details

At the end of the rainbow, there is a pot of gold. In this case, Lonsdale Street Braddon is that rainbow, and Debacle is that little pot of gold.

Lonsdale Street is arguably Canberra's number one retail strip, and Debacle is a business with so much potential and opportunity.

The very clear reason the business has not reached its full potential is that too many cooks spoil the broth. A multitude of owners want to take the business in different directions.

All the fundamentals are right for the business to reorganise and thrive. The foundations for new ownership are perfect; $1 million-plus fit-out, weekly sales exceeding $40,000, and landlord (business owners) prepared to provide a long and competitive lease, and if you have the capital, they will sell you the building.

Everybody knows that you profit in hospitality when you buy other peoples fit-outs. The big question is that generally, unanswered when these opportunities arise is the location of the problem.

If you know Canberra, then you know the capability and scalability of a well-run large-format bar and/or cafe in Lonsdale Street Braddon.

The four owners' motivation to secure a committed and organised new owner and future tenant ensure that you will get the business well below its replacement cost and market value.

Financial Snapshot

Reporting Period 2017 Weekly Average 2016 Weekly Average 2015 Weekly Average
Sales $2,218,132.00 $42,656.38 $2,329,237.00$44,793.02 $2,450,149.00 $47,118.25
Gross Profit $1,367,361.00 $26,295.40 $1,526,437.00$29,354.56 $1,668,845.00 $32,093.17
PEBITDA $16,230.00 $312.12 $136,663.00$2,628.13 $287,976.00 $5,538.00
Rent $243,728.00 $4,687.08 $237,783.00$4,572.75 $231,983.00 $4,461.21
Wages and salary $857,610.00 $16,492.50 $905,895.00$17,421.06 $909,161.00 $17,483.87

Business Summary

Canberra, Australian Capital Territory
Bars/Night Clubs.

The premises are leased.

  •    Premises: 137/24 Lonsdale Street Braddon ACT  2612
  •    Lease commenced on: 1 February 2018
  •    Lease expires on: 31st January 2023
  •    Term of the lease: 5 years
  •    Option: 5 + 5 years (approved)
  •    Monthly rent (Inc. outgoings): $21,118.86
  •    Bond: $63,356.58 including GST
  •    Annual increases: 2.5%
  •    Public Liability insurance: $20 million
  •    SQM: 342 m2
3 Owner Directors - The owners work an average of 50 hours per week. Restaurant Manager Permanent 4 Floor Supervisors Casual Wait staff - Casual Head Chef Permanent Sous chef Permanent 4th year apprentice Permanent Kitchen Hands Casual
Monday 11:30am 10:00pm Tuesday 11:30am 10:00pm Wednesday 11:30am 10:00pm Thursday 11:30am 10
Owner Operated

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Sales Summary

Sale Status : Sold

Sale Method : Private Treaty with sav

Investment Amount : $379,000 + SAV

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au