FAST FOOD CAFE ON BUSY MAIN STREET OF STRONG TOURIST PRECINCT RUN UNDER MANAGEMENT AND STILL AVERAGING $27,000 PW PLUS TURNOVER.  
 
BUSINESS BRIEF  
 
 
BUSINESS TYPE: Fast Food Cafe with virtually no opposition of its kind close to hand.  
 
LOCATION: Popular tourist venue along coast and near Perth City.  
 
LEASE DETAIL: Ground floor building plus upstairs to annexed building, Unit number 2 (approx 116sqm) and unit No 29 (50sqm) Total leasing of approx 166m2  
 
LEASE SCHEDULE: yes enclosed in Business Profile as attached. New lease granted to commence as from 01.04.2008 for 6 years. Rent reviews of 5% annually  
 
LEASE EXPIRY: 31.03.2014  
 
LEASE OPTIONS: Nil  
 
LESSOR / AGENT DETAILS: Munroe Agencies Pty Ltd  
 
ANNUAL TURNOVER (TAX RETURN): Please contact Vendors Business Broker for confidential details  
 
TAX P&L YEARS: To be obtained from Business agent's Business Profile.  
 
RENT: New Lease commenced at annually $115,000, monthly $9,583.33 Plus GST.  
 
OUTGOINGS: Estimated at $88.58 m2 plus GST ($14,704.28), plus the $120 per month for a parking bay.  
 
PLANT & EQUIPMENT:  
Fixed $  
Moveable $  
Total $ 125,000  
 
TRADING HOURS:Open 7 days per week: Mondays- 11.00 am to 9 pm: Tues., Wed., Thursday and Sunday 11.00 am to 1.00 am and Fridays and Saturdays 11.00 am to 4.30 am.  
STAFF REQUIREMENTS:  
Permanent 1  
Part time 2  
Casual 12  
 
OWNER’S INVOLVEMENT: Part time two days per week for administration  
 
STAFF WAGES: $29,994 per month averaged over 3 months from 1.10.07 to 31.12.07  
Owner's drawings: $11,030 per month averaged over 3 months from 1.10.07 to 31.12.07  
 
PRICE OF BUSINESS  
 
GOODWILL: $ 445,000  
 
PLANT & EQUIP.: $ 125,000  
 
SUB TOTAL: $ 570,000  
 
PLUS EST. STOCK: $ 10,000  
 
TOTAL ASKING PRICE: $ 580,000  
 
COMMENTS: This superb cash flow business has been operating for some 22 years and under the current owner since 1989. After 4 years from purchasing the business the owner perfected the current trading formula and renovated the interior to cope with the very busy trade.  
 
The vendor has stated that the system in place can produce sales of up to $2,500 per hour at peak times. The profit /turnover can very easily be increased by the minor changes that could be effected by a new owner.  
 
The café diner and takeaway produces one line of easy to prepare and serve and is extremely popular and is met with very little competition in the area which is located in some distance away.  
 
The rental costs include a separate office /store room of some 50 sqm and are used by the vendor as the administrative office.  
 
The success of this business lies in the effectiveness of his efficient staff that helps in being able to operate under virtual management.  
 
The business is now being offered for sale because the owner wishes to change directions to follow other pursuits and retire.  
 
The key features that set this business apart from other fast food café and takeaway foods are:  
 
 Location. Location. Location. This is located on one of the area’s best known and popular streets where other well known cafes and the like are located.  
 It is an icon in the area.  
 Virtual monopoly because of its location.  
New Lease with parking facility for owner.  
 Top class equipment set out in such a manner that increases efficiency and fast effective serving techniques to please the customer.  
 Strong cash flow currently in excess takings of over $27,000 per week.  
 Located alongside other “people gathering business outlets” that frequent and purchase the food produced  
 Very little working capital is required as the cash flow is adequate to meet most initial operating costs.  
 The quality of food and service sell themselves .  
 Profits, costs and turnover to date can be proven 100%  
 Evergreen products are sold that are always in demand especially in the area for both individuals and families alike.  
 Huge potential to immediately increase sales with well timed price increase and executing further systems to increase the turnover and maintaining minimum stock losses.  
 The food products have one of the highest mark-ups in the food industry  
 
CONTACT: Michael Forgione  
PHONE: 9457 6111  
MOBILE: 0418 169 008  
EMAIL: businessbrokerswa@elders.com.au