Koko n Beanz - Information Memorandum (1)

KOKO N BEANZ CAFÉ WENTWORTHVILLE, NSW INFORMATION MEMORANDUM Prepared by Jonathan Henderson, Allbiz Business Sales, Sydney

Welcome to the Business for Sale ‘Information Memorandum’ for Koko N Beanz Café, Wentworthville Nsw ➢ Café established in 2000 ➢ Wide range of beverages ➢ The menu caters for all dietary needs ➢ Situated in Wentworthville Shopping Plaza, Nsw Important notice to interested parties Allbiz Business Sales has been engaged by the vendor for the preparation, listing and marketing of the business, not as an agent or broker. The role of the Allbiz Business Sales is to manage the marketing and promotion of the business, ensure all interested parties sign the confidentiality agreement, abide by all stated requirements and adhere to the sales process. Page 1 of 9

Koko N Beanz – Wentworthville Nsw 326 Great Western Hwy, Wentworthville NSW 2145 BUSINESS FOR SALE INFORMATION MEMORANDUM THIS DOCUMENT CONTAINS PRIVATE & CONFIDENTIAL INFORMATION RELATING TO: Koko N Beanz Wentworthville Nsw This confidential Information Memorandum (\"Memorandum\") has been prepared for selected parties with a preliminary understanding of the business and to assist the Recipient of the Memorandum (\"Recipient\") in making their own independent appraisal before preparing an indicative non-binding offer. The Memorandum does not purport to be complete or contain all of the information which a prospective purchaser may require. No representation or warranty is made (or will be made in any sale agreement) as to the accuracy, reliability or completeness of any information contained in this Memorandum. The Recipient agrees by receiving this Memorandum that it shall not copy, reproduce or distribute to others this Memorandum, whether in whole or in part, without prior written consent. Further, the Recipient of this Memorandum will keep permanently confidential all information contained herein not already public and will use this Memorandum only for assessing purchase or investment in the business. On request, the Recipient will promptly return all material, including this Memorandum, without retaining copies. All projections in this Memorandum have been prepared for internal use and are for illustrative purposes only. They do not constitute, and should not be regarded as, a representation that the projected results will be achieved or that the underlying assumptions are valid. The projections are subject to uncertainties and contingencies, all of which are difficult to predict and many of which are beyond the control of the business. All currency amounts are expressed in Australian dollars unless otherwise stated. All inquiries concerning this Memorandum or the sale process must be directed to the contact named in this document. Under no circumstances should prospective purchasers contact management or staff of the business. Page 2 of 9

Table of Contents Koko N Beanz, Wentworthville Nsw No. Item Page 1 Business Details 4 2 Ownership 5 3 Premises and Lease 6 4 Business Income 5 Team members 7 8 6 Business growth opportunities 7 Business improvements 8 Business financials 9 Customer base 10 Marketing 11 Systems 12 Impact of COVID on the business 13 Reason for selling 14 Inclusions in the sale 15 Handover assistance available 16 Sale Price 17 Confidentiality 18 Social Media sites 19 Inquiries 20 Key Points Summary 21 Customer Reviews 22 Photographs 23 Steps in the Sales process 24 Disclaimer Page 3 of 9

1. BUSINESS DETAILS Koko N Beanz is located at Wentworthville shopping plaza, Operation have been since 2000, It Has been a well-established business for 23 years and still running strong. Income is mainly generated from the sale of food and beverages, including a wide range of coffee. The business is well known for its high-quality coffees and beverages. The capacity of the premises is 32 people inside, Seating area is 25. Operating hours are Monday to Friday, 7.30 am to 5.30 pm, Saturday 8.00 am to 5.00 pm & Sunday 8.00 am to 4.00 pm over 2. BUSINESS OWNERSHIP The present custodian has owned the business for eight years. 3. PREMISES AND LEASE Business trading premises – 326 Great Western Hwy, Wentworthville NSW 2145 Lease details – 3 Year lease, with the option to have 3+3 continuing Yearly rent: $55,380 including out goings. 4. BUSINESS INCOME The business has an income base that includes the following:- • Sales of coffees and various beverages • Food – Breakfast, Lunch • Sale of Blend beans • Custom made cakes 5. TEAM MEMBERS The staffing of the business is currently made up of the following:- • Owner – only works 30 hours a week; • Four front-of-house staff, 6. BUSINESS GROWTH OPPORTUNITIES Growth opportunities for revenue could come from:- • Loyal regular customer base • Marketing plan and strategies • Loyalty program; • Continued use of social media – Facebook page has over 200 likes. • Cater for local child care centers and leagues club Page 4 of 9

7. BUSINESS FINANCIALS Due to COVID, the last three years' financials have been dramatically affected. Financial information will be provided upon further interest being shown. In addition, a financial projection has been prepared, which shows what the business can achieve when the situation returns to normal. This will be available when requested. 8. CUSTOMER BASE • Local residents; • Business people within the precinct; • The many tourists that visit Wentworthville shopping center; • Shoppers. 9. MARKETING Marketing currently carried out includes:- Facebook, referrals and word of mouth; Repeat business is solid: The business is environmentally friendly and a certified ‘green’ café; The business is a RSPCA approved dog friendly café; The business is a breast-feeding mother friendly and part of the breast feeding Assoc.; 10. SYSTEMS Systems are in place including recipe cards, ordering system, payroll, Team training re coffee supplier; Point of Sale (POS) system used is 'ARZ POS SYSTEM'. 11. IMPACT OF COVID ON THE BUSINESS COVID 19 has had aN impact on the business. At different times during COVID, businesses in the local area have closed and/, or team members have worked from home. Also, New South Wales has had significant restrictions for international and interstate visitors and workers to enter the state. Subsequently, the impact on business turnover and profit has been substantial financially. As a result, locals, businesses, tourists and visitors have all been reduced at certain times of the Covid pandemic. 12. REASON FOR SELLING The present owner has had the business for eight years and has to focus on his other business. Page 5 of 9

It is time for a new owner with skills, attributes and passion in the industry to take this business further and benefit from the COVID situation recovery. There is an exciting future for the Koko N Beanz, all that visit loves it. It is unique, different and is known as one of the hidden gems of Wentworthville. 14. INCLUSIONS IN THE SALE Included in the sale are the leasehold business, plant & equipment, furniture and fittings, Facebook & Instagram pages, business name, goodwill and a customer base built over twenty three (23) years. Asset schedule for Plant, Equipment, Furniture & Fittings etc. is available - approximate value is $50,000. 15. HANDOVER ASSISTANCE Handover assistance will be provided for a new owner for up to two weeks and then phone assistance for four weeks. 16. SALE PRICE The investment for the purchase of the business is $90,000, plus stock at value (approximately $5,000). 17. CONFIDENTIALITY All information supplied must be kept confidential, and those requesting further information will be required to sign the confidentiality disclaimer below. You should assess the suitability of any purchase in light of your own needs and circumstances and seek independent financial and legal advice if needed. 18. SOCIAL MEDIA SITES Further details on the business and operations are available on:- Facebook page – https://www.facebook.com/kokonbeanz/ Website- https://wentworthvilleshoppingplaza.com.au/store/koko-n-beans-cafe Menulog Uber eats 19. INQUIRIES For further genuine inquiries about this business and to obtain the business's financial information, please get in touch with Jonathan Henderson on 0459 137 042 or email [email protected] Page 6 of 9

20. KEY POINTS/SUMMARY ✓ High-quality coffee and beverages ✓ Various seating options ✓ The menu caters for dietary needs ✓ Away from primary street traffic ✓ Daily newspapers and magazines to read 21. CUSTOMER REVIEWS Really nice atmosphere, the coffee made by the barista was amazing, did a great job with a nice Beautiful breakfast. touch of latte art. highly recommend, will be return. Great friendly quick service. I love it there! A real hidden gem. A funky family-friendly cafe with great food and Aawesome! Food was delicious, hospitality was coffee. so great. Thank u so much and we will be back! 22. PHOTOGRAPHS Customers love the casual atmosphere that true coffee lovers enjoy. Page 7 of 9

23. STEPS IN THE SALES PROCESS Further detailed information and access to the business and its management team will only be provided to those parties who establish a strong and genuine interest in proceeding with an acquisition of this size and nature. To that end, we anticipate that the sale process will involve: • Review this document; • Seek further documents as listed in the IM; • Additional questions and due diligence; • Arrange to visit the business premises and/or speak to the present owner; • Final investigations; • Submission of a written offer; • Deposit of 10% of the agreed sale price to be held by the seller's agent/solicitor; • Signing of a contract of sale (sale agreement); • Settlement and handover. 24. CONFIDENTIALITY/DISCLAIMER The Proprietor has prepared this report for the information of potential investors to assist them in deciding if they are sufficiently interested in the proposal to proceed with further investigation. The information has been prepared in good faith and due care. However, the Proprietor assumes no liability for negligence for the material contained in the report. Interested persons are advised to seek their own independent legal and financial advice on any aspect. The report is provided to the Recipient on a confidential basis and is not to be supplied to any other person without the Proprietor's written consent. Further information will only be supplied if financial purchase requirements can be met. I now agree to the above conditions …………………………………… ……………………………… Recipient(s) Page 8 of 9

Inquiries are welcome Contact: Jonathan Henderson, Sydney Phone: 0459 137 042 Email: [email protected] Page 9 of 9