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Business Details
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
 
For more information, please contact:
Peter Adamek on 0411 604 448


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