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Sale for a bargain, the price is under Chattel Value.
The vendor has owned the business from November 2015 as an investment and has it run under full management. The eighty-year-old owner has seen a decline in his abilities to fulfill his ambitions and so would like to sell the business.
This cafe restaurant is open 7 days a week, from 8am – late for breakfast, lunch and dinner.
It turns over more than $20,000 a week, with rent of only $48,000 a year. It doesn’t take much to see that this could be a hidden gold mine for a couple or partnership if they minimised running costs and maximised its full potential. In the right hands this business should increase profit and turnover substantially.
There is scope to make the business even more profitable by being a hands-on owner-operator.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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