Unparalleled bargain price as the business is being sold at less than chattels value, with the added benefit of permission/consent to start a new food cafe within the current business, with the complete know how and support from the franchisor.
The store is in a prime location within the food court of the mall, with convenient working hours from 9am to 6pm Monday, Tuesday and Wednesday; 9am to 9pm Thursday and Friday; 9am to 6pm Saturday and 10am to 5:30pm on Sunday.
The store sells ice creams, smoothies, fresh juices and ice cream-chukkas. Complete training will be provided by the franchisor and the training fee is required to be paid by the incoming purchaser once approved.
The annual sales of the store in the Financial Year 2021 are $110,215 excluding GST. The vendor indicated that the sales could have been far higher as in the Financial Year 2020, $160,244 excluding GST, if not for the impact of the COVID-19 pandemic due to which the store remained closed for a period of 13 weeks during the Financial Year 2021.
The current lease is scheduled to expire in 2022 as indicated by the vendor. The vendor also indicates that he has arranged with the franchisor to de-franchise the business in the new lease (under negotiations with the lessor) and still operate as a branded store by signing an operating franchise agreement. The cost of this will be $5,000 plus GST. This will be same for new operators and the franchisor will train any new operators/owners on all operations pertaining to this business.
The cost of setting up the new cafe for food within the current existing business will be at the cost of the new purchaser/ owner. The vendor further indicated that they have also secured consent to add a cafe type operation to the current menu, such as coffee and food, in the new lease.
Price $49,900 + estimated stock value $2,000
Call Shaun - 029 770 9767 for more information.
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