Franchised Cafe -66 seats located in busy corner entry
The Blacktown Westpoint inline store is located on a busy corner location entry on level 2, outside Priceline and Big W. The cafe has been operating since 2016, with a great loyal customer base. The sales of the business have been nicely increasing year on year. The franchise is operated by a husband and wife team who employ a team of 8 staff.
The cafe also is supported by a great franchisor who assists with training and operations.
Purchasing this business means you are joining a strong franchisor who is rapidly expanding in various locations across the country.
The business operates over 7 days and opens daily at 9am. There may be some potential to open earlier- with permission from the landlord.
The franchise agreement is in line with the term of the lease, being for 6 years upto December 2022. All equipment is owned outright apart from the Coke fridge which is supplied to store proprietary products from Coca Cola.
The franchise group started in 2007 with their first store in Darling Harbour. Since then the company now enjoys a group of some 60 stores, with more planned.
Their mission is simple, provide the best coffee with the best service to spread their instiable love for coffee across Australia. With the brand being 100% Australian owned it also means that the valuable support from head office is never too far away.
In store, at Blacktown- is a compfortable contempoarary seating area which is inviting, with a cafe style atmosphere. Friendly staff and quality service are sure to provide you with a relaxing and delicious coffee experience.
The fit out costs alone for this store was well over $550,000. The businness is well priced to sell for someone who loves the retail and cafe industry. Experienced staff also make the business easier to run.
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4904329#enquire-nowTo receive further information please complete the below registration: https://www.abbagroup.com.au?p=4904329#enquire-now
Annual Rent : $137,812 - Weekly Rent : $2,650
Annual Turnover : $800,000 - Weekly Turnover : $15,385
Annual Gross Profit : $560,000 - Weekly Gross Profit : $10,769
Annual Ebit : $132,390 - Weekly Ebit : $2,546
Premise : Leased
Lease Commencement : Dec 2016
Lease End : Dec 2022
Current Outgoings pa: $9,095
Total Land Area : 123 Square Metres
Total Floor Area : 123 Square Metres
Total No of Parking : 800
Franchise : Franchise Resale
Franchise Royalties : $32000
Approximate Stock Value : $3,000
Year Purchased : 2016
Year Established : 2016
Days Trading : 7
Staff : 3 Full Time - 5 Casual
Staff Salaries : $185,000
Property Url : www.cherrybeans.com.au
Reason for Sale : moving on
Location : Blacktown
Business Potential : cross promotions
Parking Comments : 800 cars - shopping centre 3 hour limit
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