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Highly desirable and fast growing residential. Run Under management by Manager and staff, it has huge potential for a good owner/Operator to increase Sales and profit.
Current weekly sales $100,000 and Lotto sales $20,000. Excellent rent only 1.5% of Sales and long term lease. This business is well set up and located in a busy area. The current owners have successfully run this business for over 20 years. Due to other business commitments, owner now wishes to sell the business. Be quick, this rare opportunity could be yours. Net Cash profit before Wages, interest, depreciation and tax is approximately $600,000 PA. Asking $1.9 million plus stock $200,000.
Asking Firm price $1.9 million plus stock $200,000
*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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