Sub Franchise - High Volume & Low Rent Food Court Location ACT
Sub Franchise - High Volume & Low Rent Food Court Location ACT
Industry :
--Sub Industry :
About the business
Phone enquiries - please quote property ID 18250
Well known Sub Sandwich franchise store for sale in a high volume shopping centre food court location.
Occupying prime position in the Canberra Outlet Centre food court, this comparatively low rent store is a strong performer, achieving over $925k sales in FY2017, and able to return an estimated profit to working owner of over $265kpa.
With a full team in place, including a long term store manager, operations couldn't be easier. The current owner spends only a few hours per week managing paperwork and rostering, whilst the Store Manager handles all day to day operations in the store.
This store is highly efficient compared to others in the same chain. Store hours are only 9am to 6pm daily, with no late nights or early mornings. With only seven staff on the team, management is a breeze. Full training and support is offered by the Franchisor.
Summary:
Sales over $925kpa
Rent less than 8.0% of turnover
Secure lease until late 2023 with fixed 4% annual increases.
Small 45 square metre store with no dining area or outdoors space to worry about.
Small team of only seven staff, with experienced Manager in place.
The franchise system is on the 'approved' list with many of the large banks, meaning you can potentially secure up to 60% of the purchase price against the business itself.
Don't miss out on this rare gem in such a successful, well known, established chain.
Asking $640k + SAV (around $7k).
Contact now to receive more details
No Agent Business enables you to sell your business or commercial property using a for sale by owner (FSBO) method, without paying any commissions. We cater for all business and commercial property types.
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$655,000
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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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