| Code: |
FP559 |
| Business Type: |
Gourmet Takeaway |
| Area: |
City |
| Established: |
Present owner 15yrs approx
|
| Lease: |
New Lease 6 yrs commencing 1st/August/2010 Option: 5yrs x 5yrs x5yrs Increments: 3% - No Rent review |
| Rent (excl GST): |
Rental- $14,800 pm including GST o/goings |
| Trading Hours: |
Shopping Centre hrs |
| No of Staff: |
Floor: 15 Rostered Staff (mainly students) Food Prep: 2
|
| Approx Turnover(excl GST): |
Net profit 2009/10 after add backs- approx $500,000pa, consistently high Nett Profit |
| Lease Inclusion: |
4 storerooms including office. No Rental Increase for the term of the lease Landlord pays Electricity & Maintenance |
| Increments per yr |
3% per year, No market review |
| Bank Finance |
The vendors bank will consider finance to purchase the business subject to conditions |
| Reason for Sale: |
Retirement |
| 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 7.5% 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 is looking at retiring. He has indicated his willingness to sell at this particular time. 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 |
| |