Franchise - Cafe - Cakes - Takeaway - Michels Patisserie

Business Code: SF1030

Key Features: Well established

State: NSW

Location: Situated in a busy shopping centre in the Eastern Suburbs below residential units.

Description

Franchise Michels Patisserie cafe - Takeaway selling house roasted coffee, a variety of teas, hot chocolate, milkshakes and smoothies. - Well known for their excellent selection of pastries and cakes, also provides pies, quiches, sausage rolls with sandwiches, toasties prepared from a dedicated sandwich bar. - Shop has very good hot and cold display cabinets - Also sells birthday cakes. - No cooking. - Shopping centre seating

Summary

• Features: Popular franchise - Good position - Strong Franchise brand with over 300 stores - High foot traffic - Profitable - Easy to run


• Potential: Would suit owner operator or couple


• Premises: Well positioned in food area with an area of 40 sq. mts. with 20 sq. mtr store room.


• Trading Hours: 7 days - Shopping centre hours


• Lease: March 2017 - March 2022, 4% Increases, 3 Month Bond


• Employees: 1 Owner - 1 full timer + 2 casuals


• Comments: Misc. 1 - Franchise fees - 7% sales and 3% marketing.-Misc 2 - Other general expenses . - Recently renovated shopping centre with a large new major retailer and many other retail shops. Suitable for immigration purposes - A $25,000 New Franchise agreement is payable. There is a new lease commenced March 2017 To Complete the refurbishment an approx $50K will need to be paid by the purchaser for renovation/upgrade - This has been taken into account with the listed selling price - A must to inspect but please be discreet