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Business ID BS7496

Thriving FUNCTIONS VENUE and CAFE with Lake Views in leafy ACTON

Well known venue / cafe: Sale Price $250,000 Turn Over $750,000 Profits to Owner $150,000 Extremely low rent: $730 p/week

The business and venue is surrounded by rolling woodlands overlooking Lake Burley Griffin.

The Restaurant Business:

The usual day trade (Monday to Friday) sees the cafe serve breakfast and lunches and coffee to academics, students, visiting scholars and tourists.
Sundays are usually booked out for a relaxing brunch and lunch trade.
The restaurant has an extensive menu which includes breakfast, lunch and tapas, beer and wine.
The restaurant is licensed to seat 186 people. Seating options include the lawn area, outside deck, inside restaurant area and in the outside courtyard.

The Function and Event Business:

With its views over the lake, the sweeping terrace and large outdoor area, the location proves to be perfect venue for weddings and events in the summer.
There's also a private function room tucked under a fully covered balcony that could be used for wet weather receptions.
The prospective brides or people celebrating birthdays or planning parties can have 3 marquee options to choose from: the lawn, the open deck or the courtyard.
Parking over the weekends is no problem for guests who can park their car securely across the road.

BUSINESS HIGHLIGHTS

  • Fully trained Chef and Staff
  • Established Cafe with guaranteed weekly trade
  • Popular venue for weekend trade
  • Functions and Events enquiries in 2018 amounting to a potential $300K as at time of this document being written. (Mostly wedding enquiries)
  • Low Rent
  • Predictable Turnover
  • Historic Venue
  • Central Location In Canberra

The Owners are fully committed to a proper and thorough handover to ensure the welfare of staff / clients and incoming owners alike.

This location and setup is absolutely unique and a one in a lifetime opportunity.

Asking Price is set at $250,000 + SAV (Approximately $5,000)

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Business Sale Price:
$250,000 + SAV
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