Burger Foundry, St Morris

Sold!

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Business Description

 

If you have not eaten at the Burger Foundry then to put it simply, you are depriving your taste buds.

Their food philosophy is to not just make a burger, but to create a tongue tingle, mouth-watering epic burger experience. Their menu consists of a range burgers - but these are not average burgers by name or taste, hand cut fries, onion rings and some very cool side salads.

The venue and fit out are just as awesome as is the food, with a combination of recycled timber and corrugated iron with funky light and fresh colours and your choice of table or bench, chair or stool. Operating in its current location in St Morris for almost two years this store is being sold for approximately one third of the set up cost.

This is a mouth-watering opportunity for someone to take a really good business and make it great. Currently turning over in excess of $15,000 per week, the business is run under management and would benefit from an owner operator. The best part is the burger foundry is not a franchise so add your own splash or spice in whatever way you like.

At a glance:
  • Turnover in excess of $15,000 per week
  • Rent $6,500 per month plus GST
  • Written down value of plant $320,000 approx
  • Open 7 Days from 11.30 a.m.- 9.00 p.m.
  • Currently run under management
  • Not a franchise
 
Melanie Winter 0408 085 932

 



Extended Price Information

Goodwill Nil
Plant & Equipment $135,000
Stock at valuation (approx) $5,000
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$140,000


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Staff Summary

One full time manager and 12 casual staff.

Lease Summary

Current Rent $6,500 per month + GST
Lease Term 8 years
Lease Commencement 1st April 2014
Right of Renewal 1 x 5 years
Outgoings Rates and taxes are paid by the landlord but otherwise everything is paid by the tenant
Adjustments CPI + 1% annually
Bank Guarantee 3 months’ rent + GST ($21,450.00)

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Plant & Equipment

Original Cost of Plant $396,511
Written Down Value of Plant (approx.) $320,940
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