Fast Food, Cafe & Takeaway + Freehold...
Stock Included: Yes
Stock Value: 60/80K
Years Est: over 30 years
Gross Revenue: 1.7M pa av
DECEASED ESTATE occasions sale !
Located in Moora, the largest town between Perth & Geraldton, & being the commercial centre for the surrounding wheat & sheep farms of the scenic Midlands & situated on the banks of the Moore River.
An exceptional Business Opportunity is presented here, to take over the operations of one of the Moora districts retail icons & at a fraction of what it's former buoyant trading patterns & sustained profitability indicated it might well have been worth !
It should be noted too that the store was fully staffed, operating 'under management' for the past decade or so & accordingly during the recent & highly profitable reporting period with its KPI's highlighted below, with the late owner's input being proprietorial supervision & guidance only as provided to the shops then management operations -
KPIs over the past 3 Financial Years of: 2013 / 2014 / 2015 indicate -
# an average annual Turnover exceeding $1.7M pa [$33K pw]
# av staff & management gross Wages paid exceeding $350K pa
# & providing an av Owners Profit / EBDIT exceeding $250K pa
Accordingly - WHAT AN OPPORTUNITY EXISTS HERE for an enthusiastic new owner to build on the former owners 30 years of successful trading & profitability - as, disappointingly, over the past year or so & coinciding with the late owner's sad demise, there has been a noticeable reduction in Turnover & Profitability - & accordingly the current Business Asking Price in its sale has been framed to reflect the current Trading patterns to the end of the 2015 Calendar Year.
That said, the Current Year's available YTD trading performance results are showing signs of promise [ note - monthly trading figures are provided by the external accountants for the business & detailed financials are available to seriously intending prospective purchasers on their execution of a standard Confidential Disclosure Agreement document ].
These latest Trading figures have resulted in the current ASKING PRICE for the Business operations being re-set at $290K + Stock [ stock has been estimated to range from $60K - $80K ] & at an attractive Return on Investment to an owner-operator, in relation to the Asking Price, of some 50%.
A substantial BONUS for a new buyer of the Business too - is that the valuable Freehold Property, located on a commercially zoned 3035 sqm site is available for sale [ note - it is also available for lease if preferred ]. Besides the current Takeaway Shop operations of some 305 sqm plus its substantial on-site parking area - available at the rear of the site is additional & substantial excess development land [ & which formerly had conditional DA for the construction of some 12 Motel style units ].
NOTE - details about the proposed fair market related Rental plus the Lease Terms for the Business Premises; &/or the Sales Price for the Freehold Property which is available to be sold together with the business as a going concern, are available on application from the exclusive Selling Agent - David Ellis on 08 9388 9951 / 0438 800 724 or firstname.lastname@example.org
over 30 years
1.7M pa av
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