The Yoghurt Shop

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Business Description

This business in a large western suburbs shopping centre operates as a specialist retailer of highest quality fresh yoghurt and yoghurt associated products. It is not a franchise but rather it is run under licence. As a result, there are no franchise fees payable but rather the purchaser agrees to enter in to a Licence and Supply Agreement. These agreements mean that the purchaser agrees to buy the product from the group and comply with the group rules so that all of the shops within the group present as one and all sell the same products at the same price. This allows for group marketing and unified branding.
 
With the exception of 10 hours worked by the vendor each week the business is run entirely under management. The business is currently overstaffed and employs 8 casual staff working more than 150 hours per week. This equates to more than 2.5 staff working at any one time. Two working owners would eliminate at least 80% of the wages and dramatically improve the profitability of the business.

At a glance:

  • Retailer of high quality fresh yoghurt & yoghurt products
  • Easy to run and ideally suited to two working owners
  • Not a franchise and no franchise fees payable
  • New lease with significant rent decrease negotiated
 

Simon Winter 0419 828 689


Extended Price Information

Goodwill including Plant & Equipment $120,000
Stock at valuation (approx) $6,000
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$126,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
2014/2015 (annualised) $365,092 $70,679 58.90
2015/2016 $441,705 $126,120 105.10%
2016/2017 (annualised) $435,430 $157,734 131.45%
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Staff Summary

With the exception of 10 hours worked by the vendor each week the business is run entirely under management. The business is currently overstaffed and employs 8 casual staff working more than 150 hours per week. This equates to more than 2.5 staff working at any one time. Two working owners would eliminate at least 80% of the wages and dramatically improve the profitability of the business.

Lease Summary

Current Rent $65,000 per annum + GST
Lease Term 3 years
Lease Commencement 1st July 2017
Right of Renewal 1 x 3 years
Outgoings Paid by the tenant
Adjustments CPI + 2% annually
Bank Guarantee 1 month deposit and 1 month bank guarantee

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