Wok It Up Braddon

Business Details

Wok It Up Braddon is located on what is arguably Canberra's most sought after and busiest retail strip, Lonsdale Street Braddon.

Established in late 2013 by the two owners, who both work full time in the IT sector, Wok It Up Braddon is ideal for investors who are searching for a business which can generate results without the day to day involvement of owners.

With sales exceeding $9500 per week ex GST (2016 financial year) and with an affordable rent including GST and outgoings of $1675 (August 2016) the business is well positioned for growth.

A large team of predominantly casual and well-trained staff currently run the business, and the current owners invest as little as 10 hours a week mainly doing payroll, account payables and recruiting.

The owners' IT business is growing and requires them to dispose of this profitable business as a matter of urgency.

With over $400k invested in the business, they are aware that they will be losing when they sell. However, their loss will be your gain when you buy this cash flow positive and systemised business.

There is lease security beyond 2023 and bank finance offered for this successful franchise system. Franchise royalties are capped at 6%, and a marketing levy of 2% is invested in local TV, radio and social media.

To express your interest and receive our full Business Information Package (BIP), please email - sales@capitalcommercial.com.au - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.

Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2017 (annualised) Weekly Average 2016 Weekly Average 2015 Weekly Average
Sales $549,750.00 $10,572.12 $498,960.00$9,595.38 $419,226.00 $8,062.04
Gross Profit $345,154.00 $6,637.58 $350,477.00$6,739.94 $260,414.00 $5,007.96
PEBITDA Being prepared $0.00 $87,983.00$1,691.98 $-21,509.00 $-413.63
Rent $69,718.00 $1,340.73 $67,539.00$1,298.83 $64,658.00 $1,243.42
Wages and salary $92,276.00 $1,774.54 $94,301.00$1,813.48 $120,650.00 $2,320.19

Business Summary

Canberra, Australian Capital Territory
Fast food franchises.
  • The premises is subleased.
  • Premises: 135/22, Lonsdale Street, Braddon ACT 2612
  • Sublease commenced on: 01/02/2013
  • Sublease expires on: 31/01/2018
  • Term of the lease: Five (5) years
  • Base rent: $60,950.00 per annum plus GST
  • Monthly rent: $5,713.41 per month plus GST
  • Proportion of owner’s Outgoings: 100%
  • Annual increases: Rent increase of 4% per annum, reverting to Market Rent on holding over.
  • Option: Five (5) years
  • Permitted use of premises: Asian takeaway/restaurant.
  • Public risk amount: $20 million
  • Bond: An amount equivalent to 3 months’ rent plus GST
  • SQM: 110m2
Employees consist of: 13 shop assistants 3 chefs 1 Supervisor 1 manager/chef 1 manager Badri - 3-4 hours a week (Invoices, payroll, accounting etc.) Sumanth - 2-3 hours a week (Staffing, Roster management, repairs and maintenance) Total employment expenses (wages) for 2016 were, $94,301 and superannuation of $7,960.
Monday to Sunday: 11:00 AM - 9:00 PM
Under management franchise.

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Sales Summary

Sale Status : For Sale

Sale Method : Private Treaty

Investment Amount : $195,000

Stock at Value : $5,000.00

Finance Options : Seller Finance Offered 25%

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au