Café for Sale Central Christchurch
Foundation Café Tūranga (Christchurch Central Library) - a rare and prestigious opportunity.
Why buy this Café Business
Café for Sale Central Christchurch
Foundation is located in Tūranga (Central Library) a breathtaking modern building popular with both locals and visitors.
Situated in Cathedral Square, in the midst of the Christchurch Cultural Precinct and opposite Te Pae (Christchurch Convention Centre), Foundation is constantly busy regardless of the weather or the time of the year.
Famous for its great service and high quality food and beverage offerings, Foundation draws as many people to the library as the library draws people to Foundation.
Foundation is a fully managed operation; our staffing and systems are so well integrated that the new owner will be able to take over immediately.
Currently only operating as a day time café, with both inside and outside seating, there is plenty of potential to operate during the evenings, especially as the area becomes more and more alive with new theatres and hotels.
Business Resources
Large Indoor and Outdoor Areas:
Indoor seating: 100 patrons
Outdoor seating 30 patrons
Library seating for overflow
Catering spaces throughout Library
Fully Managed
Great systems in place
Turnover
$2.2M (year ending March 2024, including gst)
These figures count for the café only, not catering which can provide an extra $100-200,000/year
Operating Hours: 7 Days; Mon - Fri 7am-4pm, Sat and Sun 8:30am-4pm
Licensed Hours: 7 Days, 8am-11pm
Lease Details
Leased by Christchurch City Council
Lease term until 2034
Rent 8% gross turnover up to $1.6M and then 3.5%
New owner must demonstrate a proficiency in hospitality and commitment to the community