This is our first fully seller-financed business sale offering.
If the banks aren’t prepared to help small business borrowers, then sellers are going to need to do it for them.
That’s precisely what we have on offer here. The owners are prepared to seller-finance the business between 2 and 4 years.
All you need to do is provide security and agree on a fair interest rate and repayment plan. Because the owners will have such a vested interest in your success, they are prepared to provide a detailed training and handover plan.
It’s a straightforward proposition: low rent, high sales, and heaps of passing foot traffic.
*Rent: It’s less than $5000 + GST per month.
*Sales: Tom suggests $12.k per week and climbing.
*Foot Traffic: It’s one of the main entry points that link the 10,000-plus
public servants and South Point Canberra to the old Hyperdome.
In mid-2018, Tom, the current owner, decided to rebrand and change the well-known “Coffee Guru” brand that had held that location for 10-plus years.
The obvious question is, “Why to sell?”
He owns several businesses, and the main project is his business in Belconnen. Tom believes that an owner-operator with more hours to invest would suit the business better.
Because the business has only been running as Southern Grounds for a short period, bankable financials are not available.
However, he is prepared to let you observe the shop’s operations and provide detailed sales figures.
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The premises are leased.
• Lease commenced on: 2 January 2018
• Lease expires on: 1 January 2025
• Term of the lease: 7 years
• Option: N/A
• Bank guarantee: 3 months rent plus GST - $15,000
• Base rent: $60,000 plus GST per annum
• Monthly rent: $5,000 plus GST
• Proportion of outgoings payable by tenant: N/A
• Annual increases: 4% per annum
• Public liability insurance: $20 million
• SQM: 35 SQM
Sale Status : New Listing
Sale Method : Private Treaty
Investment Amount : $225,000
Stock at Value : $0.00
Finance Options :
1300 793 690
0400 446 605