Will be there

__________________
[COLOR=Black]Liberty GT Spec B tuned 240 HP & 372 Nm at the hubs.[/COLOR] "Instead of banning high performance cars - ban low performance drivers"

Curious what you made of the figures Joe... I too looked at this venture but both my accountant and I thought there was too much risk and not enough documented gain, but that may be due to the NZ->AUS detriments and lack of quality in store managment control etc.

But I do love the format of the place and am a regular there with Cindy when I take her too work, so no doubt will see you in there soon!!

__________________


FOR SALE - [MY REXTC] - Custom Polycarb Plates - PM Me

Congrats on the purchase Joe I have no doubt you will have the cafe running efficiently and deliciously. I'm looking forward to visiting when Mark gets home next.
I must say I wasn't impressed with the service last weekend, cold chai latte that took about 20 minutes for the staff to make and the young guy who took my order had no idea what I meant when I asked if something on the menu was gluten free. The chick was much better and told me exactly what on the menu could be prepared gluten free.

__________________
[SIGPIC][/SIGPIC][COLOR="Olive"]www.shantimassage.webs.com[/COLOR]
Masarai Fine Art and Photography www.masaraifineart.webs.com

We took the original sales price, laughed at it, deducted "goodwill" and any part of the purchase price which were based on the so called sales figures that were provided to us, then made an offer which only encompassed the depreciated value of the plant and equipment excluding the components of the fitout which would remain the property of the Landlord.

Then we slashed and burned the Lease terms (as the owner and landlord is the same person), and put it in as part of our offer also. Having spent 6 years being a professional Landlord, I had pre-disposed ideas of what I'd never accept as a tenant, and put them ALL in as part of the package.

Then we rejected the Landlord's counter offers 3 times.. and they finally accepted our offer. I know a few other parties were looking at this, so the fact that everyone got scared off by the original asking price matched up with the provided financials, probably worked in my favour

So effectively, our risk is no greater than if we were to open up a café from scratch, at a mere fraction of the cost of setting up a new café.. and when we open from day zero, we have guaranteed sales.

anyone else old enough to think of this guy when you read the thread title?


congrats again joe to you and your mrs, cant wait to come & check it out once you take over

How long has the business been around for, and what uplift factor 'if any', did they apply to sales?

Sounds like the due diligence showed that the numbers couldn't stand on their own two feet?

__________________
[SIGPIC][/SIGPIC]

Don't fuck it up with whatever you think you know about coffee and running a business.

KISS.

That's the plan. As they say, if it ain't broke..

And if it is, buy it for cheap, improve, and reap the rewards.

__________________
I am only an asshole on the internet :)

[SIGPIC][/SIGPIC]

Bullshit! You did the Turkish coffee reading of the cup trick & it said 'buy it' didn't you? Who needs accountants...

__________________
MY09 Evo X - 1.6bar@3500rpm - got lag?
Barbagallo - 56.03 (S); 1:08.09 (L)
Collie - 50.77
Possibly the most under-driven Evo X in the world??