Business For Sale Collaroy, New South Wales 2097
Business Category Takeaway Food
$199,500 + SAV
Bbq Chicken Shop - $15,000 P/w T/0
*About The Business*
This is your quintessential Fast Food, Take Away business. The business offers the following,
Variety of Salads
Cold and Hot Drinks
The business is in an ideal position as stated before. The park is very popular with young families as the enclosed playground is very large and has plenty of shaded areas. The beach is just past the park which are all located across the road, which also has an ocean pool. The pool attracts visiting families that might not be so confident with swimming in the open surf.
This business is the longest standing fast food retailer for about 5 kms in either direction and is the only BBQ chicken shop in the area. This means the business has not only the beach and park visitors but has a large and loyal customer base among the local population.
The business is on the main road that intersects Collaroy with the rest of Northern Beaches and thus has great street exposure to the 27,000 passing commuters each day. There is plenty of parking in either the council car park or in surrounding streets.
The business also has a 1 bedroom attached to the premise. This would be another earner for the business. Current market rates for the rent you could charge is about $350 p/w.
*Reason For Sale*
The owner and his wife planned on working the business together but the wife was offered a large promotion at her old job and decided to stay. The owner in his 60's has found the work load too much for him considering the amount of hours and days he is required
The business has been in the same location for over 15 years. The business has had only 2 owners providing regularity to its loyal customer base. The business is well known, not only by locals living on the northern beaches but to regular visitors to the area, especially during the warmer months. Although Collaroy has seen plenty of development and change over the past 15 years the business has remained a central part of the business community.
The business would be ideal for a couple or partnership. Currently the owner works in the business for half a day and employs other staff to do preparation, service and sometimes closing. Any new owner that can reduce staffing costs would straight away add to the owners earnings.
1 bedroom accommodation above the shop is empty. The potential to either live in or rent for extra income is not being utilised. Approx rent $350pw
The other potential for the business is to increase their cold food offerings and add more variety to the menu
The current owner is willing to train any new owner on food preparation, sales and introductions to his current suppliers.
The business is open from 10am to 7.30pm, 7 days a week. The current owner starts in the afternoon
The current lease expires in May 2020 but Landlord very keen to offer new owners long term lease if required
The shop employs casual staff to operate the front of shop in sales and cooking. There is a permanent part time staff member that preps all the food each morning and has been there for nearly 10 years
2108 P/L financials
Revenue $398,164 pa
Rent $70,267 pa
Expenses $152,474 pa
Net Profit $175,423 pa
The lease includes the shop plus the 1 bedroom accommodation.
Shop dimensions - Shop 85sqm, Cool room 19sqm, Kitchen 25sqm
The shop is located in Collaroy.
Similar Businesses For Sale
Cafe and Coffee Shop Takeaway Food
Cafe and Coffee Shop Catering