Inner city trendy cafe / bar

Sold!

Web ID:

Business Description

  • Currently run under management
  • Suit owner operators
  • Turnover in excess of $750,000 per annnum
  • Liquor licence
  • Equivalent net return to 2 full time owner operators $198,000 p.a. approx.
Kevin Grant

Extended Price Information

Goodwill including Plant & Equipment $280,000
Stock at valuation (approx) $20,000
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$300,000

Financial Summary

Year
Sales Return to Owner
n/a $846,957 $197,522
n/a $911,496 $132,303
2012/2013 $787,779 $198,091
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This business is currently run under management and the owners are not involved in the day to day operation of the business.

The Return to Owner assumes two new full time working owners replace some of the existing staff resulting in wage savings of approximately $100,000 per annum.

Staff Summary

The business is run under management and employs four full time and seven casual staff.

Lease Summary

Current Rent $7,158 per month + GST
Lease Term 5 years
Lease Commencement 12th May 2003
Right of Renewal 1 x 5 years
Outgoings Paid by tenant ($20,000 per annum approx.)
Bank Guarantee TBA
Current Rent
An extract of the lease is attached to this profile and a full copy of the lease is available.

The landlord has been made aware of the sale of the business and is expected to negotiate a new 5 + 5 year lease with the Purchaser on similar terms and conditions.

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Plant & Equipment

Original Cost of Plant $35,606
Written Down Value of Plant (approx.) $21,908
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