Convenience Store - Franchise - Very Popular Franchise - For Sale

Business description

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.

Property information

Location:

Possibly best street location in the City.

Other information

Expansion potential:

Has tremendous potential in area with some exciting new developments very close by which will have a very positive affect on the business.

Trading hours:

7 days - 24 hours

Inventory / Stock value:

$50,000 (included in the asking price)