Page 10 - Transworld Swiss Bakerz IM

FINANCIALS SUMMARY
NOTE: Full financial statements will be provided as part of the due diligence process. The financial performance for this business has been solid, very consistent and provided a good return for the owner. The vendor believes that a new and energized owner will increase revenue significantly.
INFORMATION
(FY2020)
SALES
Sales
$737,762.49
Cost of sales
$210,252.72
GROSS PROFIT
$527,509.77
EXPENSES
Rent
$97,636.20
Salaries & Wages (incl superannuation)
$339,055.69
Electricity Gas
$20,863.50
Accountant fees
$4,188.92
Other Expenses
$34,079.14
EXPENSES
$495,823.45
Total Expenses
$706,076.17
ESTATED EARNINGS
Operating profit
$31,686.32
Add BACKS:
Owners’ basic salary plus super
$103,415
Repairs & Maintenance
$4,000
Other
$21,456.26
Total Add backs
$87,871.26
Totals
SELLER’S ADJUSTED EARNINGS
$160,557.58
Note: FY21 year to date tracking 10% + higher
IMPORTANT: All financials are in summary form and have been created from the Financial Statements and assumptions compiled by information provided by the Vendor. No representations or warranties expressed or implied have been made by Transworld Business Advisors North Sydney as to the accuracy or completeness of the information. Transworld Business Advisors North Sydney accepts no responsibility for any errors, omissions, inaccuracies, or misstatements contained within this document whatsoever. Transworld Business Advisors North Sydney and the Vendor strongly recommend that you conduct a thorough investigation on the business and seek your own independent legal and financial advice.
10 Confidential Business Information