Foodland supermarket - close to city

SOLD!

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Business Description

-  Sales $85,000 per week (average of past 3 years)

-  Ideally located on main arterial road among other retail stores

-  Currently running with minimal involvement from owner

-  Same owner since 1996

-  Long lease available

-  Showing excellent return on investment

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $990,000
Stock at valuation (approx) $250,000
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$1,240,000

Financial Summary

Year
Sales
2011/2012 4,336,663
2012/2013 $4,682,341
2013/2014 4,635,187
2014/2015 $4,163,466 $330,320 26.64%

Staff Summary

The store is run by managers with approximately 20 casual staff. The owner has minimal involvement with this store and works approximately 10 hours per week in the business.

Lease Summary

New Rent $180,000 per annum + GST & including rates & taxes
Lease Term 15 years
Lease Commencement 23rd May 2008
Lease Expiration 22nd May 2023
Outgoings 2 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually

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Plant & Equipment

Written Down Value of Plant (approx.) $83,795 (as at 30/06/14)
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