Sumo Salad Woden
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
If you have been searching for a below value business, then stop and start with Sumo Salad Woden. Just because it's ridiculously cheap doesn't mean it's not a great opportunity for the smart buyer looking for outstanding business value.
Seller will full seller finance the purchase price over 3 years. That’s correct the seller will allow you to repay the business for a little as $75 per day over 3 years. We are not aware of a similar arrangement in the market today! Contact leading business broker Frank Walmsley today 0400446605 or email firstname.lastname@example.org
See, a few years ago the owner enthused with success from his Sumo Salad, decided to expand his empire and purchase a 2nd store. A young family, two businesses and originating from overseas without a whole of business expertise has taken its toll. Being spread so thin across two locations, with limited support, and a young family means that both businesses have suffered.
We know the Canberra business for sale market, is clearly a buyers’ market. So in this situation, we have decided to meet the market and set a price of $80k plus stock ($5000). This price is well, well below what the current owner paid for it, and a fraction of what it would cost to get into a new store.
Now is the time for you to be greedy and snare this bargain. Ideally, positioned in the heart of the high volume Woden Centre Food Court and is constantly awash with passing customers.
Consistent turnover above $13,000 per week in 2015-2014, which has dropped to $10,200 in 2016-2015. The seller believes that an owner with more experience and the ability to run the store hands on could do much, much better.
The business trades 60 hours a week over a 7-day trading cycle and requires an only night of trading, Friday. Most days’ kick-off at 9 am and trade starts to slow-down at 4:00 pm.
There is a touch under three years left on the lease and all in including rates, outgoings, charges and rent balances out at $12,980 per month inc GST.
While there have been a few lean years in Woden, the current owner might be saying goodbye at the wrong time as new development and office relocations are planned for the Woden Town Centre; http://www.act.gov.au/our-canberra/latest-news/2016/january/boosting-woden-with-1,100-additional-workers
An owners profit report prepared by the team at Bonsella Business Solution is available upon request. The report shows a robust profit in 2015-2014 of $100,000+, and when you add back depreciation and interest expenses, it's a more impressive result.
Because of the push and pull from running two business in the 2016-2015 year, the sales and profits have dropped - but the owner reasons that this position is recoverable if you can focus on what he can't.
Sumo Salad has cornered the quick service consumer market when it comes to Salads. Consumer recognition of this established brand is high, and its retail price point in the market is economical and the average service time very quick. It's one of the reasons that Charlie, is going to stay aligned with the franchise but with one store, not two. Franchise transfer fees are comparable to other related business, and the annual marketing and turnover costs are approx 11% including GST all in.
Make no mistake his intentions are clear - sell. All we now need to find is the next owner. A full business information package is available, and interstate interest is encouraged - we can explain how buying a business is cheaper than other mainland states. In the first instance, please email email@example.com with your full name and contact number and the subject matter that you would like to own Sumo Salad Woden.