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.
|Reporting Period||2017||Weekly Average||2016||Weekly Average||2015||Weekly Average|
|Wages and salary||$857,610.00||$16,492.50||$905,895.00||$17,421.06||$909,161.00||$17,483.87|
The premises are leased.
Sale Status : Sold
Sale Method : Private Treaty with sav
Investment Amount : $379,000 + SAV
Stock at Value : $0.00
Finance Options :
1300 793 690
0400 446 605