General Description
If you have been looking for a very profitable cafe that has exclusive rights, run under full management and is closed 4 weeks so you can have a holiday - this is the cafe you have been looking for.

Degree Cafe is located in the Australian National University (ANU).  ANU has approximately 14,000 students and 3,500 staff.  On top of this the university caters to non university people for conferences, concerts, functions etc.

So what makes this cafe one of the best you will see in Canberra:

• Open 5 days a week.
• Exclusive territory - university sets the rules on what businesses can be on campus.
• Run under full management - very little owner involvement.
• Healthy margins and very profitable.
• Reasonable rent.
• Closes for 4 weeks a year.
• Long secure lease
• Very busy with students, staff and people outside the campus floating in from first thing in the morning until the close of day.
• Owners return for 2011 - $206,000 under full management

This is the cafe that everyone dreams of owning.  The owner can either be someone with experience or someone who has nil hospitality experience.  It does not matter as this business runs itself and generates healthy profits.

Potential
This business is always consistently improving.  It has the right formula in place and staff.  The new owners just need to continue to make minor changes to keep working on the profit margins and new product lines to increase the top and bottom lines.

If you have experience in the industry you could insert yourself into the business and save on wages.

A lot of your customers are Gen Y - so introduce new technology that allows them to use their smart phones to purchase coffees, food etc  The benefit to you is no cash handling and further it makes the transaction quicker.

Features
Average 42kg of coffee sales a week (average over 48 weeks)
Average 15kg of hot chocolates (average over 48 weeks)
Commercial kitchen in excellent condition.
Premises inside still looks like new - very clean and presentable.
$170,000 spent on fit out 4 years ago.
All equipment owned by the business - no rentals

Premises
Large inside area for seating along with medium size area outside which is covered

Location
ANU Campus

Trading Hours
Open Monday to Friday - 7am to 5pm.
Closed 4 weeks at end of the year.

Lease
5 year lease with a 5 year option.

Employee
Full time manager who manages the cafe.
Balance casuals.

Financials
Turnover for 2011 $723,000
Gross Profit 2011 66%
Rent per week $2,448 + GST
Owners return for 2011 was $206,000

Price
Offers between $600,000 and $700,000 will be considered.