* Freehold Business & Residence At RearThe business provides a full range of fast foods including fish & chips, hamburgers, plus pizzas on Wednesday to Sunday evenings, pies & pasties, roast of the day, dine-in meals – rump, schnitzel, chicken or fishermans basket, salads, coffee & cake, cool drinks, cigarettes, icecream, lollies, papers & magazines and DVD”s. The business recently stopped selling selling feul due to low margin. It has anticipated this will have minimal impact on profits. With such a wide range of meals the business caters to most tastes in food. One of the major growth areas has been the dine-in meals. Catering for birthdays, Christmas functions and local employers conducting training is another growth area. The Premises: Adjoining the main business rooms – retail area, commercial kitchen, store room incorporating the walk-in cool room and office, is a 3 bedroom home with a comfortable lounge, private eat-in kitchen and rear lobby/games room. Behind the home is stone shedding. Current Operators and Staff: The current operators commenced in the business on 19th September 2005, with both the husband and wife working in the business with the assistance of 6 casual staff working around 100 hours a week. The casuals are paid from $11 per hour through to $16.50 per hour – dependant on age. Weekly Turnover: 2005/06 -19/9/05 to 30/6/06 $8,688 per week 2006/07 – full year $11,971 per week 2007-08 – 01/7/07 to 30/6/008 $14,621 per week Of this turnover, fuel has remained constant at about $3,000 per week. Hours: Winter 7am to 8pm (approx) Summer 7am to 8pm – Monday to Thursday 7am to 8:30pm – Friday, Saturday, Sunday Competition: There is one other deli/takeaway in town. The Minlaton Hotel has recently undergone a major dining room upgrade and enlarged menu but do not do meals on Sunday, Monday or Tuesday. Conclusion: A strong well run business which will continue to benefit from the major expansion of the nearby coastal towns, as Minlaton is a service town to the coast. Minlaton has many of the services that the coastal towns do not provide such as banks, doctors, chemists and wide range of retail shopping. Investment Options: 1. Leasehold Business Price: $150,000 + SAV (approx $20,000) Lease- A new 5 year + 5 year lease will commence from settlement. Rent around Year 1 $20,000 ($384.61 week) Year 2 $21,000 ($403.84 week) Year 3 $22,000 Year 4 $23,000 Year 5 $24,000 2. Property- Price $280,000 Note: Capital Value $282,540