Cafe for sale, Hobart TAS
Photos: LINK Business Brokers
About the business
A cafe called The Red Velvet Lounge in Hobart, Tasmania. It is located in the town of Cygnet, Southern Tasmania, in a historic building that was originally a general store. A lease is in place. The premises have a large open space with high pressed tin ceilings and a large commercial kitchen with a wood-fired oven. The broker reports scope to offer evening trade and solid trading year round.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$125,000
Paid by
Your cash$37,500
Secured loan, 7 years at 6.98%$87,500
Each month
Loan repayment$1,320
Repayments each month
$1,320
Over 7 years you repay $110,859, of which $23,359 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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