This is a franchised convenience store selling newspapers, magazines, groceries, drinks, confectionery and some hot food.
Potential
Has tremendous potential in area with some exciting new developments very close by which will have a very positive affect on the business.
Features
The franchise fee is based on the gross profit figure which is 30% of total sales and the franchisor receives 54% of this figure - which includes the fee, the rent for the business and other costs. The franchisee makes 46% of the gross profit.
Premises
This business has an area of 50 sq mts.
Location
Possibly best street location in the City.
Trading Hours
7 days - 24 hours
Lease
Original franchise agreement 5 + 5 + 5 from 2003
Employees
Family run
Comments
Also has separate storage area of 70 sq. mts. One off franchise fee of $120,000 to be paid to franchisor.
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