Summary
Incredible opportunity to take over this ready-made brand and build its network as the exclusive Lukumama franchising rights holder and owner of the corporate store in Hawthorn.
Potential
- Fast-growing, desirable, and popular QSR brand
- Fully staffed corporate store with high foot traffic near Swinburne University
- Easy-to-learn, turnkey operations
- IP ownership including online identity (7K Instagram followers & 175 Google reviews)
- Franchisee is signed to a franchise term of 5+ years
Reason for Sale
Owner looks to sell the business to focus on other career interests
About the Business
- The Vendor is selling their Under-Managemnt store in Hawthorne and franchising rights.
- The corporate store, Lukumama - Hawthorn, which you’re set to own outright, operates 7 days a week and generates a weekly turnover of $10K (20% EBITDA).
- The business is currently run under-management and would greatly benefit from being operated by an owner operator.
- In addition to the the corporate store earnings, the Glen Waverley location (a franchise store) also brings in a large number of customers every week, but it’s the ongoing loyalty fee and stock purchases paid directly to the franchise owner that you will benefit from bringing in an additional revenue annually.
- There's also plenty of room for growth here as well by extending store operating hours, which are currently 5-11 pm, Mon-Thurs, 12 pm-12 am Fri-Sat, and 12 pm-11 pm Sun.
As for training, the outgoing owner will provide you with a minimum two-week in-store training to ensure you’re equipped with the knowledge that makes the business tick. This includes sessions on machines and systems workarounds, and customer-facing training.
The Hawthorn location also comes fully staffed (5 team members) and fully stocked to begin trading right away, and the sale includes all the plant and equipment you’ll need.
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