Retail Food Industry - Gold Coast

Business For Sale Palm Beach, Queensland 4221

Business Category Takeaway Food

$375,000

Description

Retail Food Industry - Gold Coast

Operating with a manager in place with over 25 years of experience and award winning staff, this retail food chain operates from two fully renovated retail stores. Both are located in small shopping strips keeping the rent low with long leases. Shop one rent at $3,273 per month including outgoings & GST. Shop two at $2,261.64 plus outgoings & GST.

Sales for 1st July to the 31st March were $730,458.00 which are expected to be over $1 million for the 2020 /2021 financial year. The net profit to the owner for 9 months on tax figures came in at $131,239.55 The owner has taken two months at a time off on holidays and the business has run perfectly well without them. The owner isn't from the food industry and doesn't serve customers chooses to work 4 hours, day 5 days a week in shop 2 a retail/manufacturing outlet to shop 1 pure retailer. Plant & Equipment to include 2019 delivery van is all in immaculate condition with a fair market value of over $140,000.00

Health condition has resulted in the business being on the market. For a full Information Memorandum, use this link to complete the confidentiality agreement XXXXXXXXXX

Asking $375,000 plus stock at value.
Contact Seller
Dru Morgan

Bsale ID: 532464
Broker REF: MorgansTPB

Business Brokers Network Australia
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