Coffee Club Tuggeranong franchise on market

It’s possible to live the dream, buy your own business and say goodbye to the boss.

If you have been considering an investment that offers a healthy work-life balance, The Coffee Club Tuggeranong in the Hyperdome Shopping Centre may be worth inspecting.

Selling agent Frank Walmsley, of Capital Commercial Business Sales, says the franchise business consistently records strong profits and is on the market for $550,000-plus.

“The big benefit of buying a business like this one is that it allows the franchisee to access to all the support systems and advertising from the already established company, without any need for prior business experience,” Walmsley says.

“This is an investment that can virtually run itself, as the owner can leverage the franchise systems to work on the business without having to work in it.”

The Coffee Club Tuggeranong delivered a profit of $142,000 in 2015 with the two owners working 20 hours a week, Walmsley says. Sales exceeded $1.3 million during the 12 months.

Walmsley says the business is well located for future growth.

“Tuggeranong is the second most populous region in Canberra and I think of all locations in the ACT, it is the one that is under-represented with hospitality venues.”

Walmsley says The Coffee Club Tuggeranong has a large pool of staff, including a full-time store manager.

Guidelines:

In Australia, there are franchises in almost every type of business category, with varying levels of complexity and cost.

The success of a franchise operation is five times higher than a non-franchise business in the same industry, national figures show.

However, potential franchisees should always seek professional advice on the pros and cons. Here are a few to consider.

Pros of buying a franchise:

Benefits of an already established business model and business network.

Business experience isn’t always necessary.

It may cost less to buy a franchise than to start your own business of the same type.

Continued management assistance and ongoing training and support.

Access to national advertising and marketing.

Cheaper stock and equipment.

Cons of buying a franchise:

Not the best option if you want complete autonomy.

Ongoing fees.

There are restrictions on what products you can sell.