All offers considered, closing date for offers is the 26th of February unless sold prior.
Located within a major shopping centre you will find this busy, profitable and proven Tatts mixed business. It is the only Tatts business inside the shopping centre meaning you have the exclusivity of the high volume foot traffic.
This business has been operating in its current location for over 20 years and has been under the same management for the past 6 years.
The store sales turnover for the first 6 months of this financial year was in excess of $1.3M with a half year net profit of over $67k. Only one owner works in the store three days per week, there is a great savings in wages to be had if this business was operated full time by owners. This is an A grade Tatts business which means it’s sales results are the highest in the group per week within the network.
What’s the catch? There is no catch, this business at this price will not last long.
These are the facts:
- The owners are relocating in the near future and one is also going back to Uni full time to study
- The store is located within a shopping centre and the lease has 2 and a half years left on it
- The new owners will need to complete a Tatts retail image shop fit which has been quoted to cost $70k
- The incoming franchisee will need to complete the Tatts training and pay a franchise fee
- This business must be sold and have a contract of sale in place by the 26th of February, 2016
- All offers considered
Asking Price: $95k +SAV
For more information please call Samantha on 0488 349 400.