Lukumama - Franchising Rights & Corporate Store for Sale. All Under-Management!

Build & grow a popular Mediterranean dessert bar brand and start serving the best loukoumades in town today!

Industry type:

- Bakery

- Café/Coffee Shop

- Restaurant

- All


Asking Price:

$290000

Country

Australia

State

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EBITDA

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Revenue

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EBITDA multiplier

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Revenue multiplier

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Business information

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Australia


Business verification
Email
Phone number
Key Strengths:
Huge growth potential
Great foot traffic location
Highly adaptable business model

About the business

Established by a Greek and Turkish mixed family, Lukumama is a fast-growing and popular QSR brand on a mission to provide Australians with incredible experiences while serving up the very best Mediterranean desserts in town.

Specialising in loukoumades, cheesecakes on a stick, ice cream, thickshakes and more, Lukumama has established a strong following across Melbourne with customers travelling far & wide to their Hawthorn and Glen Waverley stores just to get a taste of their incredible desserts.

Lukumama also only uses natural products with no added colours, flavours, or any other additives, while constantly looking for ways to improve its service and never sacrificing quality over cost.

At the end of the day, it all boils down to seeing customers leave with a full belly, a smile on their face, and the knowledge that the Lukumama experience was an unforgettable one.

Now, as the owner looks to sell the business to focus on other career interests, you have the opportunity to take over this ready-made brand and build its network as the exclusive Lukumama franchising rights holder and owner of the corporate store in Hawthorn.

About the Opportunity:

You’re not just stepping into ownership of a successful Lukumama store, you’re stepping into a massive opportunity to build on a ready-made brand that is already showing signs of success at a bargain price.

To put this into perspective, the earnings this young brand has been able to achieve is nothing short of incredible!

The corporate store, Lukumama - Hawthorn, which you’re set to own outright, operates 7 days a week and generates a weekly turnover of $10K (20% EBITDA).

In addition to the the corporate store earnings, the Glen Waverley location (a franchise store) also brings in a large number of customers every week, but it’s the ongoing loyalty fee and stock purchases paid directly to the franchise owner that you will benefit from – bringing in an additional $100K in revenue annually.

There's also plenty of room for growth here as well by extending store operating hours, which are currently 5-11 pm, Mon-Thurs, 12 pm-12 am Fri-Sat, and 12 pm-11 pm Sun.

As for training, the outgoing owner will provide you with a minimum two-week in-store training to ensure you’re equipped with the knowledge that makes the business tick. This includes sessions on machines and systems workarounds, and customer-facing training.

The Hawthorn location also comes fully staffed (5 team members) and fully stocked to begin trading right away, and the sale includes all the plant and equipment you’ll need.

Purchase price: $290,000 (franchising rights and corporate store ownership)

Key features of the business:

  • Fast-growing, desirable, and popular QSR brand
  • Fully staffed corporate store with high foot traffic near Swinburne University
  • Easy-to-learn, turnkey operations
  • IP ownership including online identity (7K Instagram followers & 175 Google reviews)
  • Franchisee is signed to a franchise term of 5+ years

If you’re looking for an incredible opportunity to own a popular dessert shop or even run an entire franchise and grow it to new heights, then reach out to us today about Lukumama before it’s too late.

Buying Advice

Before making an offer

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!
About NDAs & other legal requirements

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

How to complete a transaction

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

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