| Business Details |
| Code: |
FP559
|
| Business Type: |
Gourmet Takeaway
|
| Area: |
City
|
| Established: |
Present owner 15yrs approx
|
| Lease: |
Commenced 1st/August/2006- 2011
Option: 5yrs x 5yrs Increments: 3% ( Rent review at option period- 8% max) |
| Rent (excl GST): |
Rental: $112,700pa ($2,167pw approx) exc gst
$800pcm outgoings + 5% advert |
| Trading Hours: |
Shopping Centre hrs
|
| No of Staff: |
Floor: 15 Rostered Staff (mainly students)
Food Prep: 2 |
| Approx Turnover(excl GST): |
$1,744,326 30th/June 2006 $33,544pw approx Netting owner $830,000pa
Similar t/o for the current year |
| Lease Inclusion: | 4 storerooms including office. |
| Reason for Sale: | Superannuation Changes |
| General Information | |
|
Business & Potential:
· Prime Position within the major tourist and general shopping centre! The whole food court had gone through a total refurbishment & remodelling in 2006. This business has secured the prime position within the food court centre together with an extraordinary good quality lease. · Extremely long lease with safeguards in place to prevent large increases in rental. · Lease amendments “ no demolition clause or relocation clause”. · Low rental (approx 6.5% of weekly t/o) in comparison to other retail shops within a prime shopping centre. · Brand new quality fit-out together with security cameras & office surveillance. · Business has the capability to be managed or monitored from the office, home or any where in the world. · Business is capable of being run under management. The present owner has indicated, due to his own circumstances he attends the business on a daily basis. Should prospective purchaser be interest in running the business under management the infrastructure is already in place! · The owner of this business has indicated his willingness to sell at this particular time. He is motivated by the changes to the superannuation rules. This has created an opportunity for any intended purchaser requiring an extremely lucrative cash flow together with a quality lease with protective measures. · All leases to be paid out on settlement. · Should a prospective purchaser consider borrowing half or all of the funds to purchase this business, the repayments on the loan and principal together with the rent, should only represent say 13-18% of the monthly turnover. (This would depend on the financial institution) Huge Opportunity To Secure Large Cash Flow Business with A Quality lease! |
|
| Asking Price: |
$2,195,000
|
For more information on this business,
please contact:
Peter Adamek on
0411 604 448
Email: peter@businesses.net.au