Burgers n More, Ingle Farm Shopping Centre

$39,999 + SAV ($3,000 approx).

Web ID: F8179

Business Description

Whether you are after a late breakfast, lunch or a quick snack, this is the place for you.  Located in the busy Ingle Farm Shopping Centre, this business offers a sensational range of burgers as well as seafood deals, salad packs, and bacon & egg breakfasts.

Currently trading 7 days a week and turning over $4,000 per week (excluding GST), the business has had steady and consistent sales for a number of years. The best part of this business is it is not a franchise, so add your own splash or spice in whatever way you like (subject to centre management consent).

Currently  run by a husband and wife team with a small number of casual staff. This is a mouth-watering opportunity for someone to take a good steady business to the next level.  Perfect for a couple or family!

 

At a glance:  

  • Located in the busy Ingle Farm Shopping Centre
  • Offering burgers, seafood deals, salad packs and breakfasts
  • Trading 7 days
  • Current turnover around $4,000 per week + GST
  • Perfect for a couple or family
Melanie Winter 0408 085 932

 



Extended Price Information

Goodwill $34,999
Plant & Equipment (approx written down value) $5,000
Stock at valuation (approx) $3,000
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$42,999

Financial Summary

Year
Sales Return to Owner
2014/2015 $247,673 $66,696 174.99%
2015/2016 $234,132 $59,187 162.55%
2016/2017 $218,322 $36,170 84.12%
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The return to owner is a net return to two working owners after all expenses and wages but
excluding the vendors’ wage.

Staff Summary

Two vendors and two casual staff

Lease Summary

Current Rent $4,831.44 per month + GST
Lease Term 5 years
Lease Commencement 3rd May 2016
Right of Renewal Nil
Outgoings Paid by tenant
Adjustments 4% annually
Bank Guarantee 3 months' base rent & outgoings & promotional levy + GST.

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