Surf shop

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Business Description

  • High profile location at Port Noarlunga
  • Very long history
  • Current owner rarely works in shop
  • Suit an owner operator
  • Very reasonable rent
Rob Dansie 0414 828 246

Extended Price Information

Goodwill including Plant & Equipment $85,000
Stock at valuation (approx) $160,000
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$245,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
n/a $814,549 $129,705 53% $53,705 22%
n/a $742,305 $124,467 51% $38,447 16%
n/a $706,791 $108,311 44% $32,311 13%
n/a $771,611 $129,734 53% $49,734 20%
The return to owner is a net return to one/two working owners after all expenses and wages but excluding the vendors' wage.

This business is currently run under management and the owners are not involved in the day to day operation of the business.

N.B. The return to owner assumes that the purchaser works full-time in the business.

Staff Summary

The business employs five casual staff

Lease Summary

Current Rent $1,630 per month + GST
Lease Term 3 years
Lease Commencement 1st November 2011
Right of Renewal 2 x 3 years
Outgoings $2,500 per annum approximately
Adjustments CPI annually
Current Rent

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