niche burger opportunity
BUSINESS: Niche burger opportunity in Fortitude Valley (very close to Brisbane CBD) at unusally affordable rent (below market).
1. Modest turnover but strong margins and profit. COG ranges from 10% to 15%. Asking price would support an owner operation plus casual staffing.
2. Lease is 3 3 year; Start Date was May 2018 (successfully changed from our previous cafe which enjoyed past tenure and renegotiated our lease for a new longer term).
3. Currently trades as primarily a takeaway, with outside seating for approx 20 people (which can be reconfigured to seat approx 40). Housed within a mixed use complex, with circa 100 free carparks and 10 restaurants. All other venues within the complex pay approx $*****2500/wk rent. We have negotiated a below market rent of $500/wk, (yes it is smaller however still is way under market for location) making profitability an easy target.
4. The current venue is noted as some of the best burgers in brisbane (huge number of reviews etc online to substantiate plus thousands of followers). Accordingly, you are also buying goodwill.
5. Opportunity to target a growing niche market sector; and/or expand the product range.
REASON FOR SELLING:
It has become apparent through our multitude of businesses that we simply cannot be in many places at once. It has been a difficult decision to sell this particular business. This is an outstanding opportunity for an owner operator, with room for further growth by targeting larger groups or party bookings, especially given free parking in this Fortitude Valley location. (Also situated next door to a pub.)
You recognise the advantagous lease and location can be exploited, knowing your experience in the field will carry you to success. You'll couple our tasty and high margin product with the ever growing market segment we operate in, and enjoy a royalty free advantage on our branding created over the past year, which will form (for our New places when available) a much more expensive franchise, which naturally protects and enhances your rather modest investment here. (*Update* master rights may be available for the right purchaser at extra cost.)
WHAT YOU GET:
*Plant and equipment is suitable, modest, functional, and has made thousands of burgers and fries, and will do thousands more. Current fitout and equipment Alone is around $80k. You don't need to spend anything more.
*Great lease - Unusually low rent for this location. We negotiated hard on this, and directly affects your bottom-line. Plus with great tenure it offers security to build up great cashflow, or to sell as a going concern in the years ahead.
*All recipes as currently produced on a confidential basis.
*Complete confidentiality - we won't release your details to any third party, and will provide all relevant information to you once we establish legitimate interest and upon inspection. No details will be released via email or to random unsubstantiated gumtree enquiries. We only deal with serious parties, and only have time for same.
*Our branding royalty free in perpetuity (this store alone- value of this alone is substantially more over the long term).
WHAT YOU DO NOT GET:
*Extra bills - no extra fees of any kind.
*No large bond to pay - low bond of circa $5.5k.
*No large outgoings - low outgoings of circa $100/qtr.
*No royalties on branding
*No parking costs.
*No extra for outdoor dining area.
*No marketing levies from centre management.
*No debts or leases on any equipment.
*No figures to worry about. Designed for an express sale to the right operator.
In the strictest of confidence, please call Will on ******2471
Thanks and best wishes with your search.
- Date Listed:19/05/2019
- Last Edited:19/05/2019
- Business Type:Food/Hospitality
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