Listing status: Inactive
Reason: --
Coming Soon - The Essential Ingredient Albury
Coming Soon - The Essential Ingredient Albury
Industry :
Industrial/ManufacturingSub Industry :
Food/BeverageAbout the business
Description/About the Business:
The Essential Ingredient Albury has been eagerly supplying fellow food enthusiasts with specialty ingredients, professional cookware, kitchen equipment, culinary books, and everything else essential for inspiring and encouraging that love of cooking.
A family owned and run niche food and retail store that was established approximately 22 years ago, the owners have well and truly made their mark on the Albury market operating the business over the last 7 years.
Located in the heart of Albury’s CBD along Albury’s main Street with easily accessible parking. The business thrives from the heavy foot traffic on Dean Street and is surrounded by other high-end, high-volume retailers that continually provide a flow on to the store.
Key Features & Benefits:
- 1 of 6 Essential Ingredient Franchise stores is in Australia, with low franchise fees with high level
support and marketing.
- FY 2022 T/O $26,000 P/W - FY2023 current T/O $30,000 P/W with strong profits.
*Approximate figures.
- High following on advertising channels/socials, Instagram (3786 followers) & Facebook (3.9k
followers)
- They have a rewarding and loyal customer base that enjoys the friendly 1-1 customer service
resulting in a high return weekly customer spend.
- Long-standing business with an extremely solid trading history that has proven to be immune to
economic cycles.
- A great cash flow business, with minimal trade debtors and generous, secure supplier terms.
– Secure lease in place with options up until 2034.
It is a unique opportunity to be your own boss, to have the creative freedom to follow your own passions and create the optimum work/life balance and tread your own path.
Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.
Finn Franchise Brokers
thefinngroup.com.au
1300 535 932
Broker: Dallas Lodge
dallas.lodge@finnbusinesssales.com.au
*Images are used for advertising purposes. Actual business images may not appear.
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$480,000
Enquire about this business
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Buying Advice :
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. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, 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 - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
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. 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.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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