1 On One Espresso

Business Details

1 On One Espresso is the only cafe located at the Department of Finance on No. 1 Canberra Avenue, Forrest.

The business is the perfect solution for a buyer looking for the opportunity to generate an executive income and build on the excellent base the current owners have created while working family-friendly hours.

This type of business comes on the market very rarely in Canberra, and the business owners' motivation to sell is clear and straightforward: they can't and don't want to manage two businesses at the same time.

With the turnover exceeding $1,000,000 per annum and the rent at a touch under $3000 per week, this is a gilt-edged investment opportunity.

There is an excellent complement of staff in key positions, and the current operator explains that the social hours are a huge attraction to finding and retaining staff.

The fitout is exceptional and offered clear-title—this means no tricky equipment leases.

The days of tenants buying businesses in large shopping centres where no lease security or loyalty is offered are over!

Why sacrifice 10% in turnover for non-performing franchises?

Keep your weekends, have long-term security, retain profits by owning 1 On One Espresso at the Department of Finance.

In the first instance, you will need to sign a deed of confidentiality. Once that is completed, my office will send you a business information package after review.

Now, we haven't set a price for the simple reason that the owners are motivated to sell and want to listen to the market. I've sold equivalent businesses for between $400,000 and $600,000 in the last ten years; this should work as a price guide.

Financial Snapshot

Reporting Period 2018 Weekly Average 2017 Weekly Average 2016 Weekly Average
Gross Profit $618,453.70 $11,893.34 $654,894.64$12,594.13 $0.00 $0.00
PEBITDA $117,348.18 $2,256.70 $222,842.22$4,285.43 $0.00 $0.00
Rent $143,175.89 $2,753.38 $65,507.94$1,259.77 $0.00 $0.00
Wages and salary $247,012.09 $4,750.23 $307,682.02$5,916.96 $0.00 $0.00
Sales $1,018,949.00 $19,595.17 $1,035,128.00$19,906.31 $0.00 $0.00

Business Summary

Canberra, Australian Capital Territory
Cafe/ Coffee shop - 5 Days Cafe.

The premises are leased.
Premises: 1 CANBERRA Avenue, Forrest
Lease commenced on: July 2016
Lease expires on: June 2026
Term of the lease: 10 years
Option: 5 + 5 years  
Monthly rent (Inc. outgoings): $13,447.85
Bond: $38,076.50 including GST
Annual increases: 3.5%
Public Liability insurance: $20 million
SQM: 300 m2

Total employee wages for 2018 was $247,012 and superannuation paid was $22,174.50. The owners work an average of 40-50 hours per week. The owner made drawings from the profits as a wage. The staff consists of: - 2 Owner Directors - Full time barista - Head Chef Full time - Cook Permanent - 2 Wait staff - Casual
Mon. 7am 4pm Tue. 7am 4pm Wed. 7am 4pm Thu. 7am 4pm Fri. 7am 4pm Sat. Closed Sun. Closed
Owner Operated

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Sales Summary

Sale Status : New Listing

Sale Method : Expression of Interest

Investment Amount : EOI - 20/10/2018

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au