Sports store

Sold

Web ID:

Business Description

  • Located in upmarket eastern suburbs shopping centre
  • Stable sales of $9,000 per week
  • Vendor only works 25 hours per week
  • Will return full time working owner over $115,000 p.a.
  • Exceptional fit out with long lease
Simon Winter 0419 828 689

Extended Price Information

Goodwill $135,000
Plant & Equipment $10,000
Stock at valuation (approx) $110,000
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$255,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
n/a $448,906 $65,258 22.12% $360,258 10.26%
n/a $479,943 $66,168 22.43% $31,168 10.57%
n/a $467,028 $115,878 39.28% $80,878 27.42%
2013/2014 (annualised) $495,957 $130,861 51.32% $95,861 37.59%
The return to owner is a net return to one working owners after all expenses and wages but excluding the vendors’ wage.

This business is currently run partly under management with the owner only being involved in the business for 25 hours / week.

Staff Summary

The vendor works 25 hours per week and employs 7 casual staff.

Lease Summary

Current Rent $8,000 per month + GST
Lease Term 7 years
Lease Commencement November 2010
Lease Expiration November 2017
Right of Renewal N/A
Outgoings Paid by tenant
Current Rent

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Plant & Equipment

Original Cost of Plant $111,694
Written Down Value of Plant (approx.) $10,000
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