This cafe has so much latent potential, including but not limited to the following:
* Meager rent of approx $4500 per month, including GST
* A simple menu with an order-at-counter service model
* An underutilized large east-facing outdoor area
* Local shopping center with limited hospitality competition but great draw card co-tenants
* Part-time owners who can't commit the full energy required to capitalize on the opportunity.
Hughes is surrounded by high-income suburbs, including Garran, Deakin and Curtin. The advantage of Hughes shops is that it has more free and approx. 100 parking sports than its neighboring suburbs.
The fundamentals of the business are sound, with weekly sales exceeding $15,000 per week, with the business only trading 52 hours a week.
The rent is low, about 6% of turnover, and the tenant is provided with the security of a long lease with a supportive landlord prepared to assign the lease or offer a new 5+5 lease.
If you are considering a business in a major center or with a corporate landlord, think again!
They have ignored our advice and have listed below the stated replacement value of the assets and fit out ($250,000). We are after an efficient and quick sale, and if you exchange and settle before June 30 2023, you should be able to capitalize on the favorable instant depreciation tax measures.
They sell because they are managing full-time jobs, business, and family and don't want to disappoint loyal customers and committed staff.
If the old and tested maxim of "price is what you pay, and value is what you get." resonates with you, Home Ground Cafe must be on your acquisition list.
Bank finance has been pre-arranged for approved buyers of up to 80%.
If you want to own, please email your full name and phone number and outline that you want to own Home Ground Hughes.
