Cafe serving lunch and brunch, 15 years trading
About the business
A hospitality venue in Devonport, Tasmania. It has a 15 year operating history and trades 7 days a week. The venue seats 85, has high ceilings and a mezzanine level, and has a liquor licence in place. Approximately 14 years remain on the lease. The broker reports a trained, experienced team of 14-15 staff already in place.
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$650,000
Paid by
Your cash$195,000
Secured loan, 7 years at 6.98%$455,000
Each month
Loan repayment$6,860
Repayments each month
$6,860
Over 7 years you repay $576,469, of which $121,469 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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