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Southern Grounds
Advert Id: 255195Location:Canberra, ACT
Category:Cafe and Coffee Shop
Asking Price:$225,000
- Sales revenue : Undisclosed
- Net profit : Undisclosed
- Furniture/Fixtures value : Undisclosed
- Inventory/Stock value : Undisclosed
Business description
"Frank, the business is now consistently generating $11,000 a week in sales, and, last week, we achieved $12,500." — Tom, the owner.
If 2019 is the time to break free from work you can't stand or time to break into a business that can set you free, Southern Grounds is the perfect place to start.
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 $11k per week and climbing.
*Foot Traffic—It's one of the main entry point that links 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.
So, the obvious question is, "Why 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 can provide detailed sales figures.
Owner willing to stay on until May 2019
Other Information
- Company Details : Capital Commercial Business Sales
- Agent Detail : Frank Walmsley
- Phone : Click here for phone number
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