Multi-Store Fast Food, Independently Owned 22yrs
Industry :
ProfessionalSub Industry :
BrokerageThis business is well known in the Toowoomba community, and it has only had 2 owners since it was first established 22 years ago. The business is an independently owned brand with 4 stores located across the Toowoomba and Highfields areas.
Specializing in fresh roast chicken menu items, this business offers great tasting fast food in the 4 stores as well as delivery services through external providers such as UberEATS and Menulog.
The current owner has operated the business for the last 8 years and is not involved in the day-to-day running of the stores. Every store has long-serving store managers who have been with the business for the last 3 to 8 years.
KEY BUSINESS HIGHLIGHTS
- 3 year average income $3,140,058.14
- 3 year average profit $196,096 (after the owner draws a commercial wage)
- Long term leases in place on all 4 stores
- Trained staff that can handle all aspects of the business
- All Store Managers have been with the business for 3 to 8 years
- Documented Policies & Procedures for all aspects of the business operation
- Stock at Value (SAV) approximately $70,000
After 8 years in the business, our client has decided that they want to explore other opportunities outside the fast-food industry. They have stated that they have a genuine motivation to sell and they have priced the business accordingly.
For more information on this business please contact the marketing agent, Paul Price on 0477 971716 or paul@proactivebusinesssales.com.au
This business meets the criteria required for a 491 Visa application.
NOTE: Photos are for illustration purposes and are not photos of the actual business for sale.
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email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$599,000
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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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