Located directly outside Aldi in Amaroo, this is the perfect opportunity for someone looking for an uncomplicated yet profitable lifestyle business (6.30 am - 2:00 pm trading seven days)
The owners are essentially hands-off, working less than 30 hours a week, and in 2022, the owner's profits were approx. $100,000.
The rent is reasonable at approximately $600 per week or $30,000 per year, which includes all outgoings and GST.
A long no, surprises lease is offered, concluding in 2030, providing certainty and clarity for the new owner.
The fitout is new (2020 built), and the owners have calculated the replacement value of the assets at about $95,000.
The asking price of $140,000 plus SAV is quite reasonable compared to recent comparable sales.
The owner's motivation to sell is based on their need to focus on new businesses and an acknowledgment that they need to invest the time and energy for this business to reach its full potential.
Based on the financials, the gross profit is 71%+, and there is endless scope to expand the relatively limited menu.
Buyers looking to satisfy the small business owner migration pathway (visa 190 and 491) should be excited by this investment as the business is on track to turn over $200,000 this financial year and employees FT equivalents.
The incoming owner must rebrand the business as the U and Co brand is licensed.
Please enquire through sales at capitalcommercial.com.au, providing your full name, mobile and contact email.
Please note that the information provided within this information has come directly from information provided by the seller and their accountant.
