Lachlan Street Cafe is one of the great Canberra Cafes…
Lachlan Street Cafe is one of the great Canberra Cafes, and it could be yours for a steal!
The current owner paid well over $300,000 for the business when he moved from Sydney in 2016.
A change in his family circumstances requires the swift and sudden sale of this remarkable cafe/food business opportunity.
There are many reasons that the business has not performed as well as it used to, but primarily, we believe it's because the current owner is homesick and wants to return to Sydney ASAP.
The cafe, with its wide street frontage and expansive, covered outside food dining area, dominated Barton in the 2000s, and the business now awaits a new owner to restore it to its glory days.
The impressive fit-out and recently reduced rent, now $7500 per month, including GST, make this a very appealing proposition for buyers looking for extreme value.
No accounting or tax figures are available! The owner is prepared to let you observe the business for a week once your fully refundable holding deposit has been provided.
What the owner has to say.
“The demand requires the shop to trade on weekend for the Barton residents as there is one shop open on weekends. Owner had been asked numerous times if they trade on weekend.
Because of the massive size and fully set up kitchen, it gives the ability to extend the catering business which it has not been pushed hard enough.
Expect the business to boom once again when the next-door building is fully occupied.
Extra $400 income P/M from the ATM machine as per contract.”
This is a straight asset and lease sale. This is also the reason he will get a fraction of what he paid! But his loss will be your gain when you own this iconic cafe in a bustling quarter of Canberra.
If you are interested, please email firstname.lastname@example.org your full name and contact number, stating that you are interested in this business.
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Sale Status : New Listing
Sale Method : Private Treaty with sav
Investment Amount : $125,000 + SAV
Stock at Value : $0.00
Finance Options :
1300 793 690
0400 446 605