14 Cadiz Street

Cervantes WA 6511

LOCATION: 14-16 CADIZ STREET, CERVANTES WA 6511
LEASE DETAIL: 7 YEAR PLUS 5 YEAR OPTION. SHOP SIZE APPROX 330 SQM.
LEASE SCHEDULE: AVAILABLE IN BUSINESS PROFILE FROM BROKER
LEASE EXPIRY: LEASE PLUS OPTION EXPIRES ON 1ST JUNE 2013
LEASE OPTIONS: NIL. NEW OPTION NEGOTIABLE
LESSOR / AGENT DETAILS: AVAILABLE FROM BROKER
ANNUAL TURNOVER (TAX RETURN): AVAILABLE IN BUSINESS PROFILE FROM BROKER
DAY BOOK TURNOVER: DAILY TRADING FIGURES AVAILABLE FROM 2000 WHEN CURRENT
OWNERS COMMENCED TRADING
TAX P&L YEARS: AVAILABLE FROM BROKER
RENT: ANNUAL $29,304 - MONTHLY $ 2442 - HAS BEEN ADJUSTED OFF THE P & L FIGURES
OUTGOINGS: $ 3876 PER YEAR INCLUDES WATER/LAND/COUNCIL RATES
PLANT & EQUIPMENT
FIXED $
MOVEABLE $
TOTAL $ 30,000
TRADING HOURS: 7.15AM ??? 5.30PM MONDAY-SATURDAY. TILL 5PM SUNDAY
STAFF REQUIREMENTS:
PERMANENT
PART TIME 1
CASUAL 1
OWNER???S INVOLVEMENT: OWNER/S - 1 FULLTIME / 1 PART TIME
STAFF WAGES: $ 2500 PER MONTH
OWNERS DRAWINGS FROM THE PROFITS
BUSINESS BRIEF CONT.
GOODWILL: $ 269,500
PLANT & EQUIP.: $ 30,000
SUB TOTAL: $ 299,500
PLUS EST. STOCK: $ 145,000
TOTAL ASKING PRICE: $ 444,500
COMMENTS: CERVANTES IS A PROSPEROUS COASTAL TOURIST AND FISHING TOWN SITUATED APPROXIMATELY 250 KM NORTH OF PERTH AND ONLY 2 KM WEST OF THE ENTRANCE TO THE NAMBUNG NATIONAL PARK. THE PARK IS HOME TO THE INTERNATIONALLY FAMOUS PINNACLES ROCK FORMATIONS AND THE UNIQUE WEST AUSTRALIAN WILD FLOWERS. LAST YEAR OVER 150,000 TOURISTS VISITED THE AREA.
THE NEWSAGENCY / POST OFFICE HAVE BEEN OPERATING FOR 15 YEARS WHILST THE CURRENT OWNERS HAVE BEEN IN OPERATION FOR OVER 8 YEARS. THE BUSINESS HAS SHOWN CONSISTENT GROWTH IN TURNOVER AND PROFITABILITY. THE CURRENT STOCKHOLDING IS WIDE AND VARIED REFLECTING THE NEEDS OF THE LOCAL COMMUNITY AND TOURISTS ALIKE. MAIN PRODUCTS SOLD ARE LOTTO, BOOKS AND MAGAZINES, CONFECTIONERY, DRINKS, GIFTS AND GENERAL STORE ITEMS.
THE FUTURE OF THIS EASY TO RUN LIFESTYLE BUSINESS IS BRIGHT. THE IMMINENT RELEASE OF A 76 LOT RESIDENTIAL SUB-DIVISION JUST 500 METRES FROM THE FRONT DOOR OF THE NEWSAGENCY WOULD MEAN MORE FAMILY GROUPS HOPEFULLY TRANSFORMING INTO MORE REGULAR CUSTOMERS.
AS WELL THE PROJECTED 2011 COMPLETION OF THE INDIAN OCEAN DRIVE PROJECT BETWEEN LANCELIN AND CERVANTES IS PREDICTED TO RESULT IN AN ESTIMATED 50% INCREASE IN VISITOR NUMBERS THE FIRST YEAR IT OPENS.
CURRENT OWNERS FEEL THEY NEED A BREAK AFTER 8 YEARS AND FEEL THE BUSINESS WOULD BENEFIT FROM AN INJECTION OF ENERGY AND ENTHUSIASM.
THIS BUSINESS PRESENTS A UNIQUE OPPORTUNITY TO ENJOY A GOOD INCOME IN A CLEAN, ENJOYABLE ENVIRONMENT WHILST ENJOYING A RELAXED COASTAL COMMUNITY LIFESTYLE.
NOTE:
WITHIN THE OVERALL SHOP THERE IS ANOTHER BUSINESS ENTITY KNOWN AS ???VISITOR BUSINESS CENTRE??? WHICH IS OWNED BY THE VENDOR AND TWO OTHER PARTIES. THIS BUSINESS WAS INCORPORATED INTO THE SAME BUILDING TO COMBINE THE TWO BUSINESSES FOR MUTUAL BENEFIT. IT IS CURRENTLY OPERATED BY THE VENDORS.
THE ??? VISITOR BUSINESS CENTRE??? IS NOT INCLUDED IN THE ABOVE PRICE BUT CAN BE PURCHASED IF REQUIRED FOR A PRICE IN THE VICINITY OF $35,000 INCLUDING APPROXIMATELY $15,000 OF STOCK.
WAGES ARE NOT DRAWN FOR THE CENTRE. CURRENTLY A NOMINAL RENTAL IS PAID TO THE NEWSAGENCY. SHOULD THE NEW OWNERS NOT WISH TO PURCHASE THE CENTRE THE CURRENT VENDORS WOULD BE WILLING AND WOULD LIKE TO SUBLET BACK FROM THE NEWSAGENCY AT A RENTAL WHICH IS COMPARABLE TO THE CURRENT PRICE (PER SQUARE METRE) BEING PAID. ALSO THE VENDORS ARE OFFERING TO PAY THE NEWSAGENCY A REASONABLE COMMISSION ON SALES SHOULD THIS BE THE DESIRED OPTION.
THE TWO BUSINESSES COMBINE WELL TOGETHER AND IT WOULD SEEM TO BE THE IDEAL OPTION TO KEEP IT INHOUSE IN ORDER TO PROFIT FROM GROWTH FORECASTS OF CERVANTES TOURIST INDUSTRY.
THE KEY SELLING FEATURES TO THIS BUSINESS:
??? WELL ESTABLISHED BUSINESS SHOWING CONSISTENT GROWTH.
??? SEA CHANGE AND LIFE STYLE LIVING ON THE PRISTINE COAST 250 KM NORTH OF PERTH.
??? THE NEW HIGH WAY IS UNDER WAY FROM LANCELIN WHICH WILL INCREASE THE TOURIST NUMBERS DRAMATICALLY.
??? NEW SUB-DIVISION IS PLANNED FOR THE TOWN WHICH WILL INCREASE THE PERMANENT POPULATION BY OVER HALF.
??? LOCATED IN A SMALL SHOPPING COMPLEX WITH AMPLE PARKING.
??? THE VENDORS ARE MOTIVATED TO SELL.
CONTACT: MICHAEL FORGIONE OR GEORGE HOLZMANN
PHONE: 9457 6111
MOBILE: 0418 169 008 / 0423 287 303
EMAIL: BUSINESSBROKERSWA@IPRIMUS.COM.AU
ADDITIONAL FEATURE - 5 YEARS.