Fish & Chippery South of City

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Business Description

This is an iconic takeaway shop, selling a range of fast food lines but with a prime focus on fish and chips. This business has been trading for over 30 years at its site and it had brand name recognition within the area which is very rare for a small business.

The vendors sold the business a number of years ago and then bought it back, however, they have not worked in this business for over 2 years. In that time, it has been run entirely under management and continues to do so. The business now has a full time manager and 10 casual staff working a variety of hours and pays approximately 27% of the turnover in wages (after removing the vendors' wages). A full time working owner could replace the manager and minimise the remaining staff, making this business much more profitable.

This is a very good entry level takeaway food shop with a proven history of success. 

 

At a glance:

  • Trading for over 30 years
  • Focused on selling fish and chips
  • Run entirely under management
  • 1 full time manager & 10 casual staff
  • Trades 7 days per week

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill $109,000
Plant & Equipment $20,500
Stock at valuation (approx) $10,000
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$139,500

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2015/2016 $351,461 $135,073 96.83%
2016/2017 $427,155 $133,124 95.43%
2017/2018 $373,877 $118,676 85.07%
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Figures for the 2015/2016 financial year are annualised

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