Gloria Jeans On South Coast Near Wollongong For Sale

Business description

NSW South Coast, near Wollongong. Turnover $11K per week (approx). LOW RENT. Great lease which was a 10 years lease with two 5 years options extending out to 2027. Ideally positioned, in a busy corner street front location in this coastal town's main strip shopping centre. This business is a bustling café which specializes in gourmet coffee and operates on the usual, simple menu, which broadly includes, a wide variety of coffees, teas, snacks, cakes etc. Strong fast growing franchise group with stores in over 20 countries and over 425 stores in Australia. Simple to run with the franchisor taking care of marketing, corporate imaging, new product development, etc. Quality of coffee is second to none. Good net profit. (NB Photo is generic only & not a photo of the actual business).
Asking $300,000 + SAV.

Property information

Real Estate:

Lease

Lease terms:

10x5x5, commenced May 2007.

Location:

High profile street front location.

Business Operation

Trading hours:

Sunday to Saturday 6:00am - 6:30pm

Employees:

19

Years established:

5

Other information

Support & training:

Yes

Inventory / Stock value:

$7,000