Internal Ref: M2207
Summary
SBX Code: M2207 - Well located in busy shopping centre. Easy operation business. Franchise ongoing support. Great growth potential by an owner operator.
Rent
$2,637 pw
Net Profit
$1,910 pw
Location Details
Prime location in busy foot traffic shopping centre next to major supermarket in South Sydney suburb.
Potential
Great upside potential. A hands on motivated owner operator could boost sales and make more profit. Suits family business.
Hours
7 days - 10 am to 7 pm. Thursday till 9 pm. Saturday till 8 pm.
Lease
5 years lease commenced 19 January 2021 - CPI. + 2.5% annual increases. -3 months bond.
Employees
Under management- 7 casuals-most are juniors ( 1-2 staff daily ).
About the Business
Franchise- Milk Tea-Takeaway- Under Management - South Sydney
SBX Code: M2207
Franchise selling popular milk tea drinks and yoghurt including milk tea series, purple rice and fruit yoghurt series, mango coconut series etc. and using the original and freshest ingredients to create healthy and delicious drinks. The signature drinks are mango milk flower and mango sago. Popular brand milk tea business. Around 35 stores in Australia. This stores takings include around 10% home delivery through online ordering system.
Features
Great location. Excellent fitout. Franchise ongoing support. Easy operation by juniors. Cheap price for quick sale.
Premises
Unique designed and nicely presented shop with an area approx. 40 m2.
Comments
The rent includes all outgoings. Misc.- 1-Refers to franchise royalty fee currently 3% of sales. New royalty fee will be discussed. Keen vendor wants quick sale due to the business being too far away from home and is also involved in a full time job. A good buy opportunity for an investor or an owner operator alike. A must to inspect. The price has had a large drop.
SBX Code: M2207
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