Reference No: 11864

Food and Hospitality
Palm Beach QLD

Price: $375,000

Managed Gold Coast cash business without franchise fees For Sale

Managed Gold Coast cash business without franchise fees
This business has seen very strong growth over the past 12 months setting new sales records. Operating with a manager in place with over 25 years of experience and award-winning staff.

This retail food business operates from two fully renovated retail stores. Both are located in small shopping strips keeping the rent low with long leases.
Sales for 1st July to the 31st March were $730,458.00 which are expected to be over $1 million for the 2020 /2021 financial year. The net profit to the owner for 9 months on tax figures came in at $131,239.55 and is expected to net the owner well over $180,000 for 2021.
The owner has taken two months at a time off on holidays and the business has run perfectly well without them. No food industry experience is necessary with all the required management staff being in place and wanting to stay on. Plant & Equipment to include 2019 delivery van only used to service the two shops is all in immaculate condition with a fair market value of over $140,000.00

Health condition has resulted in the business being on the market.

For a full Information Memorandum, use this link to complete the confidentiality agreement https://forms.gle/54BzWnpnej566kRUA

Asking $375,000 plus stock at value.
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Price: $375,000
Business Brokers Network Australia
Address:
GPO Box 2068
BRISBANE, QLD, 4000

View Website

Contact: Dru Morgan
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