Unique Opportunity in the amazing Snowy Mountains.
17 Botany Street, Phillip, ACT, 2604
Cracking little café smack in the heart of Phillip. The owners have already spent the time and effort taking the business to a solid, profitable café only operating 5.5 days per week.
17 Botany Street Phillip
The experienced owners have already made this fantastic café a great little business, however, with time divided between two cafés, it is impossible to give the business full attention. The ability to increase catering as a side business to increase income is a definite possibility.
Reason for Sale
While the owners have really enjoyed the challenge of operating two cafés in different suburbs, they have decided focusing on one café and providing their clients the perfect experience is more important than operating two great cafés.
About the Business
In most hospitality businesses, location is key. This cracking little café is located right in the heart of Phillip ensuring exposure to vast quantities of traffic. The increasing month on month sales doesn’t hurt either.
So many businesses these days require 7 days a week trade to operate profitably. How about a business only 5.5 days per week that closes at 3 pm Monday to Friday and does not operate on a public holiday? On top of that, as Philip quietens off over the Christmas break, the need to operate diminishes. The owners have the ability to close down for weeks at a time and due to their location and traffic, they are in a unique situation where they can pick up where they left off.
The owner is already paying himself above $90k per annum inclusive of super and the business turned over close to half a million in the last 12 months, however, based on current weekly turnover, that will be smashed next year… On top of this, the projected profits for 12 months make this a cracking venturer for a single owner/operator or perfect venture for a two-person partnership.
Why sell for ONLY $139,000? The owners are realistic sellers and are wanting to sell the business in a reasonable timeframe rather than holding on for an extended duration to achieve top dollar. This gives you the perfect opportunity to pick up a wonderful café at the right price.
What’s holding you back? Dream of a better life. Call Andrew from Summit Business Brokers today on 0418 676 400 for more information about this wonderful opportunity.