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

 

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