Outstanding Food Eatery, Adelaide Hills

$350,000 + SAV ($15,000 approx.)

Web ID: F3645

Business Description

At a Glance

  • Only trading 5 days (3 x lunch sessions & 5 x dinner sessions)
  • Extremely well presented with excellent plant & equipment
  • Accommodates approx. 155 patrons
  • Long lease in place
  • Short hours with extended break over winter

Located in one of Adelaide's bustling hills’ suburbs, this eatery is advantageously positioned on the main road in a ever so popular town. It receives the abundant tourist trade from the culture that the town has created as well as the local customers who keep returning for the quality products on offer.

The business operates 5 days per week (3 x lunch sessions and 5 x dinner sessions) and has a number of seating areas inside and outside the front and back of the premises. They hold a restaurant licence for a total of 325 patrons and are averaging weekly sales around $15,000.

This business is an extremely well established and presentable restaurant which has short operating hours and is perfect for a flexible lifestyle. The business only trades 42 weeks per year and has continued to thrive in popularity from its great food and service.

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $350,000
Stock at valuation (approx) $15,000
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$365,000

Financial Summary

Year
Sales Return to Owner
2018/2019 $815,744 $164,592
2017/2018 $793,007 $163,718
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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’ wage.

Staff Summary

Two vendors work within the business and they employ six casual staff.

Lease Summary

Current Rent $5,043.35 per month incl. GST
Lease Term 10 years
Lease Commencement 1st May 2017
Right of Renewal 2 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually and to market at renewal
Bank Guarantee Equivalent 3 months’ rent

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