Muffin Break Tuggeranong Franchised cafe on sale

(no street name provided),Greenway ACT 2900

$150,000-$290,000

BusinessSize: n/a
Block size: 8.13 Hectares approx.
Muffin Break
Franchised cafe on sale.
Famous brand in Australia for over 200 stores in Australia.
Location in the Hyperdome shopping centre, best location in the centre, this cafe in the current location for over 15 years for only 3 owners (include current owner).And have a lots of loyalty customers.
Open for 7 days
Opptunity for employer nomination visa for bakers
SALE OVER $700,000
Most time under management, owner just work part-time.
Owner can choice work more time for more benefit. It a good opportunity for partner or family.
Current owner just updated:
Brand new Turbo fans Oven. ($6,000)
Brand new 3-head Coffee machine. ($6,500)
All the fridge/freezer has been serviced at last 6 months.

Sales Price $150,000-$290,000 include stock.
This cafe have to have a reestablishment for under $140, 000, before that, you only need to pay $150,000, after reestablishment finish, it's worth $400,000+

The Normal brand new franchise CAFE is $400,000-$500, 00 depend brand and location, but without any existing customers, it has higher risk.

New owner will be guaranteed a new contract before start the reestablishment.
New 5 years contract (not sign yet, still on negotiation )
Base rent $115,000 +GST at first YEAR.
The reestablishment fee is limited up to $140,000. (Normally $110,000, depends the plan.)
After reestablishment, the sales could have 10-15% increase.

New owner will be guaranteed a new contract agreement by company.
The new contract will start at 2016/2017

Private sale
Genuine enquiry only, I need to see the bank statement/finance statement before we start talk the situation. You also need to sign the confidentiality agreement.
Please contact me 0450833818 10am-5pm only

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Block Size:8.13 Hectares (approx)
  • Dennis

    Private lister

What's Nearby

Monash PrimaryPrimary School
2.2km
Namadgi SchoolHigh School
2.7km
The Canberra HospitalHospital
8.4km
HyperdomeMajor Shopping Centre
0.2km
Australian National UniversityUniversity
15.9km
Lake Tuggeranong CollegeCollege
0.4km
Tuggeranong Post OfficePost Office
0.6km

Greenway Suburb Information

 
 
Average Age
36 years
Population
1,453
Greenway Profile
Greenway Occupancy

Contact details

DennisPrivate lister
Please send me information on (no street name provided), Greenway ACT 2900
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This listing has been viewed 1009 times. It was first displayed on 02/05/16 and last updated on 28/05/16.