Permanent Long-term Catering Contract and Management Business - 1P4514MR
EXCLUSIVE TO CRE BROKERS. This business caters for breakfast, lunch and dinner for the same people 7 days a week, 52 weeks of the year. Because of the very steady number of guests there is virtually no food wastage.
The process consists of a breakfast buffet where guests serve themselves, and main meal at lunchtime in the dining room, and the provision of a supper that guests take home after lunch and warm-up themselves at dinner time.
The cook or chef in this business can finish their work for the day after lunch.
In addition to the provision of meals there is an annual salary for looking after the buildings and grounds; some gardening and cleaning work is involved here.
Lastly, the owner of this business manages an on-site rent roll and receives a commission on the rent paid by the residents.
The guests and residents are generally over the age of 50, however there is no medical service or supervision of any kind provided. The contract is for a period of 20 years.
Included in the sale price of the business is a modern 3 bedroom ensuite residence, with good size bedrooms and living areas. This business is ideally suited to a couple, or a single person employing one part-time cook.
TOTAL NUMBER OF UNITS: 39
UNITS IN LETTING POOL: 36
MANAGERS RESIDENCE : 3 bed, ensuite, 2 car garage
NET PROFIT: $200,402
REAL ESTATE PRICE: $300,000
BUSINESS PRICE: $580,000
TOTAL ASKING PRICE: $880,000
Net Profit: $200,402
Other Features / Notes
A:LEASEHOLD, A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, B:MOTEL, B:OTHER OPPORTUNITY, C:QLD - Central