Beachside cafe - sales booming!

Sold!

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Business Description

  • Beachside locality
  • Turnover $13,000 per week
  • 7 days 6.30 a.m. - 5.30 p.m.
  • Long standing business
  • Owned by current vendors for 32 years
  • Easy to run serving light meals, coffee and refreshments
  • Scope to open at night during warmer months
  • Long lease

Tony Iasiello 0412 217 608



Extended Price Information

Goodwill including Plant & Equipment $195,000
Stock at valuation (approx) $8,000
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$203,000

Financial Summary

Year
Sales Return to Owner
2011/2012 $565,406 $110,041
2012/2013 $584,332 $90,661
2013/2014 $583,496 $89,687
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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 ten casual staff

Lease Summary

Current Rent $8,497 per month + GST
Lease Term 5 years
Lease Commencement 11th February 2012
Right of Renewal 1 x 5 years
Outgoings Included in the rent
Adjustments CPI
Current Rent

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