Traditional fish & chips

$139,000 + SAV ($4,000)

Web ID:

Business Description

This impressive take away is perfectly positioned in a popular Fleurieu Peninsula tourist destination among other eateries, hotels and accommodation.  Currently trading 7 days per week and offering traditional fish and chips, burgers, steak sandwiches, hot dogs, etc.

Operating from spacious premises, seating 36 inside and 8 outside, the business commenced trading in 2013.  It is currently run under management with minimal input from the owner and would ideally suit an owner operator.

At a glance:

  • 7 day take away in popular tourist hub
  • Average sales $10,000+ per week
  • Rent $777 per week + outgoings
  • Return to one working owner $150,000 approx. (2015/16)
  • Run under management - ideally suited to owner operator
Tony Iasiello - 0412 217 608 & Melanie Winter - 0408 085 932

Extended Price Information

Goodwill including Plant & Equipment $139,000
Stock at valuation (approx) $4,000
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$143,000

Financial Summary

Year
Sales
2015/2016 $526,355 $137,037
2016/2017 $520,495 $120,569
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The return to owner is a net return to one working owners after all expenses and wages but excluding the vendor's wage.

This business is currently run under management however the vendor does help out during holiday times & long weekends.

Staff Summary

Currently run under management by four casual staff.

Lease Summary

Current Rent $3,436.14 per month plus GST
Lease Term 3 years
Lease Commencement 19th April 2013
Lease Expiration 18th April 2016
Right of Renewal 1 x 3 years
Outgoings Paid by tenant ($8,720 per annum approx.)
Adjustments CPI annually

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Plant & Equipment

Written Down Value of Plant (approx.) $17,256
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