Franchised Cafe - Approx $100K One Working Owner
About this business for saleFranchised Cafe - Approx $100K One Working Owner
A top franchised cafe in a top location without a top price is on the market. Located in one of the best spots of the shopping complex, the cafe not only has huge pedestrian flow everyday but also generates high turnovers with a very simple kitchen setup. Some key descriptions of the business are as followed:
- Sales over $800K p.a including GST.
- Turnover of first quarter 2017 is up by approx 12% compared to 2016.
- Low Costs of Goods; currently below 30% due to a good management system and exclusive low suppliers' prices.
- Returning around $100K to a full time working owner as to the preliminary financial report for the year of 2016.
- Labour cost is around 25%.
After years of operation the owner has decided to spend more time with his family; therefore the low asking price sincerely reflects his motivations. It is an absolute a must-buy cafe business, especially for first-time purchasers. Any investor on cafes with the budget around $200K should contact me immediately before this opportunity slips away.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.