Good Enuf to Eat

$145,000 + SAV ($5,000 approx.)

Web ID: F3781

Business Description

Literally a stone's throw from the beach, this food bar presents the most mouth-watering meals you can imagine. Catering for the health enthusiasts they offer fresh salads, bowls and juices plus for those looking for the more standard takeaway; they also have the traditional burgers and chips shaken up with a pleasant healthy twist.

Trading 7 days a week from 9 am ‘til 10 pm (however these times change with each season), run entirely under management and holding a current lease expiring in 2019 with a further 5 year option - this business would absolutely thrive if taken over by an owner operator in conjunction with the current team.

At a glance:

  • Located stones throw from Brighton beach 
  • Trading 7 days a week
  • Run under management
  • Modern and fresh shop fit out
  • Average sales $10,000+ per week
Melanie Winter - 0408 085 932 & Tony Iasiello - 0412 217 608

 



Extended Price Information

Goodwill including Plant & Equipment $145,000
Stock at valuation (approx) $5,000
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$150,000

Financial Summary

Year
Sales Return to Owner
2014/2015 $782,769 $131,666
2015/2016 $757,608 $112,546
2016/2017 $619,066 $71,493
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This business is currently run under management; however, the wage to the manager has been added back in the financials to reflect a Return to owner. The current manager does not work weekends.

Staff Summary

The business is run under management and there are currently 15 casual staff with another senior staff member overseeing the day to day running of the business.

Lease Summary

Current Rent $3,717.05 per month + GST
Lease Term 5 years
Lease Commencement 8/09/2014
Lease Expiration 07/09/2019
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually

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