Are you looking for a premium business with strong growth and profits with little owner involvement? If so, Brew and Brew is that rare find.
Located in the heart of Forrest, this business has a massive customer base from the surrounding Corporate and APS offices.
Surrounding tenants include:
*Australian National Audit Office
*Ministry for the Arts
*Department of Finance
*Department of Defence
*PwC and IBM
The business has consistently turned over $1 million per annum. The company generated a significant gross profit in 2022, a staggering $800,000.
"In 2021-2022, we were closed down for 20 weeks because of the Covid lockdown. We were tracking at about $35k per week. Now that things have normalised and people are back in the offices, the business is now tracking achieving about $35k to $37k per week," Charlie the owner.
Based on a 52-week trading year the business would have turnover in excess of $1.5 million based on average weekly turnover (2021-22).
This is a high profit, low effort and secure operation.
One of the other reasons that the business is so profitable is the very reasonable rent of approximately $90,000 per annum, including GST. The lease runs until 2026, an additional five-year option.
The large format café boasts a total of 291sqm. The anticipated replacement cost of the fit-out exceeds $800,000 and is one of the highest quality offerings that have come to the market.
It's one of the best five-day week cafes that has come on the market in a long time.
According to the vendor, the business serves about 3,500 customers per week. The business operates for a mere 53.5 hours per Monday to Thursday, 6AM to 4PM, and drinks until 7:30 PM on Friday.
A substantial pool of staff trained and willing to run the business; the employee wages exceeded $366,000 in 2022.
Capital Commercial Business Sales has partnered with the local ANZ small business lenders to provide potential debt funding for an approved purchaser. This funding is approx. 50% debt secured against the purchase.
If you are interested in owning this business, please send your details to sales at capitalcommercial.com.au, including your full name and contact number will provide a detailed Business Information Package.
