Gourmet foods
Sold
Business Description
This business originally started over 30 years ago and specialised in supplying the gourmet and fresh food market with an exceptional array of products that would have been hard to find in one location anywhere else in Adelaide. The business is in effect a grocery store that only supplies gourmet foods. The products are of the highest possible quality with many ready-made meals of restaurant quality which are prepared onsite.
Many of the products sold are “value added products” and are exclusive to this business which allows the products to be sold at exceptional margins that
supermarkets simply can not achieve. This is the opportunity for a buyer or a family to acquire a high turnover fresh food business that is unique
with very limited serious competition. This opportunity will not come up again for decades.
At a glance:
- Large gourmet retailer - turnover over $42,000 per week
- Located in the Eastern suburbs
- Experienced staff and gross profit over 45%
- Operated by the same family for over 30 years
- Return to a working owner over $200,000
Gourmet foods
Extended Price Information
| Goodwill | $75,000 |
|---|---|
| Plant & Equipment | $120,000 |
| Stock at valuation (approx) | $150,000 |
| $345,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
|---|---|---|---|---|---|
| 2014/2015 | $2,590,813 | $222,771 | 64.57% | $157,771 | 45.73% |
| 2015/2016 | $2,450,874 | $160,363 | 46.48% | $95,363 | 27.64% |
| 2016/2017 | $2,220,330 | $149,442 | 43.32% | $84,442 | 24.48% |
| 2017/2018 | (annualised) 2,213,026 | $200,932 | 58.24% | $135,922 | 39.40% |
The return to owner is a net return to one working owners after all expenses and wages but excluding the vendors’ wage. This business is currently run under management and the owners are not involved in the day to day operation of the business.
Staff Summary
Five full time and ten casual staffLease Summary
| Current Rent | $4,696.21 per month + GST |
|---|---|
| Lease Term | 5 years |
| Lease Commencement | Date of Settlement |
| Right of Renewal | 2 x 5 years |
| Outgoings | Paid by tenant |
| Adjustments | CPI annually |
| Bank Guarantee | 3 months’ rent + GST + outgoings |