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Code

RB268

Business Type

Coffee shop / café

Area

Ipswich is centrally located in the booming south east Queensland region The city is ideally positioned on the national road network - 40 minutes’ drive from Brisbane, an hours drive from the Gold Coast and 60 minutes’ drive from domestic and international air and sea ports.

Ipswich comprises has a population of 180,000 people. Ipswich enjoys a subtropical climate and is a safe, friendly and multicultural city. Residents come from 115 different ethnic backgrounds, speaking 84 languages.

As Queensland's oldest provincial city, Ipswich has a rich history. It is renowned for its architectural, natural and cultural heritage. Ipswich proudly preserves and still operates from many of its historical buildings and homes, with more than 6000 heritage-listed sites.

Business Established

2013

Lease Remaining

Expires in December 2019

Approximate Rent (excluding GST)

 $8,490 / month + $1,200 outgoings

Trading Hours – Mon - Fri

 8.00am – 5.30pm (Thurs 9.00pm)

Trading Hours – Saturday / Sunday

 8.00am – 5.00pm

Approximate Turnover (excluding GST)

 $1,140,000 FY2016

Reason for Selling

Personal family reasons

General Information

The franchise agreement runs to December 2023

The fit-out is fantastic and spacious

Sales are stable ranging from $21,000 to $25,000 per week

Gross profit is approx 75%. Very high for this industry!

SAV is approx $8,000

Full training will be provided by the franchisor prior to takeover

Well trained and enthusiastic staff are in place. The business could potentially be run under management or semi-management

Besides great coffee, the menu consists of breakfasts, gourmet sandwiches, light meals, deserts, assorted beverages

There is a liquor licence in place - this will need to be transferred!

Trading hours are more or less in line with the core shopping centre hours. Thursday night is the only late night, closing at 9.00pm

This franchise is ideal for owner operators, a family, or a partnership. It is also capable of being run under management

A conservative return of $250,000 EBITDA to a committed full time owner / operator is possible based on FY2016 P&L result.

Bank finance of up to 50% against the business may be available to approved purchasers

Full, accountant prepared, financials are available

Asking Price

reduced to $340,000 + SAV (approx $10,000)

The Franchisor

The franchisor has a network of more than one hundred cafés in Australia, and internationally.

The franchise offered is a multi award winning business, and is offered for sale for a limited time only.

 
For more information, please contact:
 Reg Butler  0438 189 657
reg@businesses.net.au
  
 
 
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