Industrial snack bar, Wingfield

$385,000 + SAV ($8,000 approx.)

Web ID: F6614

Business Description

Well established snack bar located in the industrial area of Wingfield providing breakfast, lunch and that much needed coffee fix for those who are constantly on the go (selling on average 10kg each week). With seating for 12 patrons inside & 12 outside with room to expand if need be, on offer are a variety of fresh, warm, and hearty meals in-store, with catering also offered for surrounding businesses.

 

Currently the business turnover is approximately $14,000 per week and has a modest rent of  $4,004 per month which includes GST and outgoings. The store is run by two working owners accompanied by 4 casual staff members. They operate 5 days per week from 6 a.m. to 2.30 p.m. and is closed for 4 weeks over Christmas.

 

At a glance:

  • Well established snack bar in Wingfield
  • Selling 10kg coffee per week
  • Turnover approx. $14,000 per week
  • Currently run by 2 working owners and 4 casual staff
  • Open 5 days from 6 a.m. - 2.30 p.m.
  • Closed for 4 weeks over Christmas/New Year 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $385,000
Stock at valuation (approx) $8,000
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$393,000

Financial Summary

Year
Sales Return to Owner
2016/2017 $406,374 $131,581
2017/2018 $481,595
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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’ wages.

Staff Summary

2 working owners & 4 casual staff

Lease Summary

Current Rent $4,004 per month incl. GST
Lease Term 3 years
Lease Commencement October 2015
Right of Renewal 2 x 3 years
Outgoings Included in the rent
Current Rent
Current Rent

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