Don't miss out on this top opportunity to own a very stable high cash flow service/ retail business featuring:
- Sales > $1M with a 2009 FY adjusted EBITDA net profit of $345K
- Quality staff and management in place to give you flexibility as an owner
- Excellent location within popular Cairns shopping centre
- Member of a strong, successful & supportive non-food franchise group
- Large repeat customer base
This business was established in November 2007 and has been showing strong and increasing sales
each week with the 2009 FY sales being over $1M. Current sales for the 2010 FY are strong with the approximate 3% sales growth to date being attributed to an ever increasing repeat customer base for services and products.
The business premise of 91m2 is located close to the main area of the shopping centre being near the entrances of two of the major tenants of the centre and has a lease that is current until November 2013.
Based on the increased weekly sales during the July - Dec 2009 period, the owner conservatively estimates that total sales will increase by approximately $200K for the 2010 FY to nearly
$1.3M resulting in a higher level of overall profits for this period.
This well known franchise group is bank accredited with 4 major banks and an approved purchaser may achieve some bank funding for the purchase of this existing franchise outlet secured by the business itself with the balance being paid via cash or secured loan against the buyer's own property. Potential buyers will need to submit an application to one of these banks to determine the level of funding that may be available.
