Stepney cafe

Sold

Web ID:

Business Description

  • Turning over $7,000 per week
  • Currently run under management
  • Will return an owner operator over $65,000 per annum
  • Provides an intimate and unique cafe experience
  • Good commercial kitchen which is perfect for catering
  • Long lease and rent only $450 per week

Simon Winter 0419 828 689


Extended Price Information

Goodwill $50,000
Stock at valuation (approx) $70,000
n/a $4,500
n/a
n/a

$124,500

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2011/2012 $393,978 $93,875 75.40%
2012/2013 $352,961 $63,659 51.13%
2013/2014 (annualised) $359,650 $65,882 52.92%
n/a
The return to owner is a net return to two working owners after all expenses and wages but excluding the vendors’ wages.

Staff Summary

One cook and eight casual sales staff are employed within the business.

Lease Summary

Current Rent $2,083.33 per month + GST
Lease Term 5 years
Lease Commencement 1st July 2013
Lease Expiration 30th June 2018
Right of Renewal 1 x 5 years
Current Rent Paid by the tenant
Adjustments CPI annually

n/a
n/a
n/a
n/a
n/a

Plant & Equipment

Original Cost of Plant $101,929
Written Down Value of Plant (approx.) $70,000
Go Back