Grill'd Townsville, Lease to 3031, Great entry store for a dedicated Owner Operator!
Grill'd Townsville, Lease to 3031, Great entry store for a dedicated Owner Operator!
Industry :
Food/HospitalitySub Industry :
RestaurantGrill'd is an Australian-owned multinational casual dining restaurant chain specialising in burgers.
The chain was initially located in Hawthorn, Melbourne.
The company has 172 locations across Australia and one in Seminyak, Bali, Indonesia.
Grill'd has been proudly serving communities with healthy burgers - 100% natural, fresh and guilt free. Just good food, fast. That's been their focus from day one.
The Willows Shopping Centre is a vibrant community hub and premier destination for retail and dining in Townsville.
It is the only centre in Townsville to house Big W, JB Hi-Fi, TK Maxx, Rebel, Aldi, Coles, Woolworths and 145 specialty traders all under one roof. Willows has something for everyone.
On offer is the Grill'd Willows franchise.
KEY FEATURES INCLUDE:
Current Lease expires July 2029 with a 7 year option
Size is 128m2 + including a small Alfresco seating area
Rent excluding G.S.T. is $8,054 per month + $3,030 per month outgoings
Rent Increases are capped at 3.5% PA
Rental bond is approx. 3 month's Rent and Outgoings
Established and owned by Current Owner since 2021
Great Fit-out - Current and should be okay until 2031
Franchise Entry Cost, including training, is $50,000 + GST
Training will be tailor made to the potential franchisees experience
New Franchise agreement - 5 years + a 5 year option
New Franchisee will be required to obtain a Liquor Licence
Annual Turnover is forecasted at $2,000,000 FY2025.
Trading Hours are daily 10.00am - 9.009m
SAV approximately $25 - 30k
Staffing -Manager, 3 Fulltime PPT, + 27 PT
Staff wages - Approx $11,000 - including manager and superannuation
Potential return to an Owner Operator POA
A working couple or family will realize good returns for their efforts
Bank finance of up to 50% could be available to an approved applicant
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$200,000 + SAV
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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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