From little things, big things can grow.
Coffee Guru Erindale is the perfect opportunity to get in at the ground level and build your business.
The business has been neglected over the past two years, with the owner distracted by her primary business.
It has been run remotely, and she says it is consistently doing $5k a week being run under management.
The business is ideally positioned in front of Woolworths Erindale and is the centerpiece trading location in what is arguably Tuggeranong's second central retail precinct (Erindale).
We don't have tax returns and financial statements, and the seller has agreed to discount the asking price to acknowledge the absence of complete data!
Please don't request financial statements or tax returns: The sales data is limited to the last (BAS) Business Activity Statements.
Sales and Financial Data:
* March BAS 2022: Sales - $53,962 plus GST
* June BAS 2022: Sales - $65,685 plus GST
* September BAS 2022: Sales - $65,596 plus GST
* December BAS 2022: Sales - $70,227 plus GST
The old saying goes, "Price is what you pay, and value is what you get."
There is extreme value for someone looking to break into their first business or secure a doer-upper business below value.
The cost to outfit and equip is estimated at approximately $125k.
Coffee Guru is willing to look at lowering the current F/F% to an introductory structure of 3% for 6 months or until the store achieves $9,000 ex per week (whichever occurs first).
Offered lease terms:
* Monthly Rent: $4,514.90 plus GST
* Estimated Total Monthly Outgoings: $285.48 plus GST
* Rent concession period is offered for 6 months of trading
* Incentive amount is offered as 50% of Base Rent plus GST
If you are interested in owning this business, please email sales at capitalcommercial.com.au with your full name and contact number, expressing interest in owning.
