Visit this listing at https://www.sbx.com.au/business?id=M2112

Business Code: M2112

Key Features: Popular franchise tea business -Busy City location - Easy to run

State: NSW

Location: Prime location in very busy food court of Sydney CBD premier shopping centre.

Description

Takeaway franchise selling delicious and healthy beverages and specialising in fresh tea products such as classic pearl milk tea and fruit tea. - Well known International brand with over 1000 stores worldwide includes 70+ secured sites Australia-wide.

Summary

  • Features: Busy location. - Brand new fit-out. - Low cost and high margins. - Easy operation. -Franchise ongoing support. - Long 7 years new lease with 1% annual increases.
  • Potential: This young business has huge potential to grow. - Expected takings should grow to $15,000 p.w. in near future. - Suit family or inexperienced buyers.
  • Premises: Brand new kiosk style business with an area approx. 25 m2 plus one store room.
  • Trading Hours: 7 days. - 9:30 a.m.- 6:30 p.m.
  • Lease: 7 years lease commenced Nov. 2020. - Turnover rent 12% till Oct /2021 then $90,000 rent per year plus GST with 1% annual increases. - 3 months bond.
  • Employees: One owner (Not working in the shop just manages staff times) + 8 - 10 junior casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$10,000

Cost of Goods

$2,500

Gross Profit

$7,500

Rent

$1,730

Wages

$1,300

Telephone

$20

Insurance

$60

Electricity

$150

Misc1

$700

Total Expenses

$3,960

Estimated Stock (Additional)

$5,000

Net Profit

$3,540

Price

$390,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Franchise - Takeaway - Tea

Business Code: M2112
Price: $390,000
+ Estimated SAV $5,000

Key Features: Popular franchise tea business -Busy City location - Easy to run

State: NSW

Location: Prime location in very busy food court of Sydney CBD premier shopping centre.

Description

Takeaway franchise selling delicious and healthy beverages and specialising in fresh tea products such as classic pearl milk tea and fruit tea. - Well known International brand with over 1000 stores worldwide includes 70+ secured sites Australia-wide.

Summary

  • Features: Busy location. - Brand new fit-out. - Low cost and high margins. - Easy operation. -Franchise ongoing support. - Long 7 years new lease with 1% annual increases.
  • Potential: This young business has huge potential to grow. - Expected takings should grow to $15,000 p.w. in near future. - Suit family or inexperienced buyers.
  • Premises: Brand new kiosk style business with an area approx. 25 m2 plus one store room.
  • Trading Hours: 7 days. - 9:30 a.m.- 6:30 p.m.
  • Lease: 7 years lease commenced Nov. 2020. - Turnover rent 12% till Oct /2021 then $90,000 rent per year plus GST with 1% annual increases. - 3 months bond.
  • Employees: One owner (Not working in the shop just manages staff times) + 8 - 10 junior casuals
  • Sale Reason: Other large business involvement.
  • Comments: The rent shown is new rent starting Nov 2021. - Current rent paid $1200 p.w. (Turnover rent 12% ). The franchise fee is 7% of sales shown on Misc. 1. - Please do not speak to staff when visiting the business.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$10,000

Cost of Goods

$2,500

Gross Profit

$7,500

Rent (ex GST)

$1,730

Wages

$1,300

Telephone

$20

Insurance

$60

Electricity

$150

Misc1

$700

Total Expenses

$3,960

Estimated Stock (Additional)

$5,000

Net Profit

$3,540

Price

$390,000
+ Estimated SAV $5,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.