Wide Bay-Burnett District. Established 2007. Turnover $745K pa (ex GST) (approx.). Net to 1 owner $170K pa (approx.). New 7 years lease will commence March 2022.
About the opportunity
The business is essentially a café, donut and light meal franchise. It operates on the usual simple menu, which includes: a wide variety of freshly baked donuts; coffee with a quality second to none (including cappuccinos, flat whites, lattes, mochas, etc.); toasted sandwiches; shakes (including milkshakes & thickshakes); quakeshakes; frozen drinks including icy spiders; soft drinks; ice creams with the delicious soft serves up to 98% fat free, and hot dogs. The Donut King menu is designed so that there is no need to employ a chef or experienced cooks. The shop is fitted out in the standard Donut King style.
The business is very simple to run as the franchisor support includes marketing, new product development & corporate image.
The premises are located in a high profile, busy corner position in a medium sized, single level fully enclosed sub regional shopping centre. There is 270 degrees exposure to a main thoroughfare.
The main anchor tenants in the centre include Woolworths Supermarket and Big W. Some of the nearby businesses to the shop include a carvery, a sushi bar, The Coffee Club, Suncorp, Proud’s, a nails & foot spa parlour, Noni B, Wendy’s Milk Bar and Wayne’s World.
The Donut King brand has existed for some 25 years and the group now boasts approximately over 320 stores throughout Australia and New Zealand. It is a wholly owned subsidiary of Retail Food Group (Australia), which manages under license, the Donut King, bb's café, Brumbies Bakery, Gloria Jeans Coffees & Michel’s brands. The group is renowned for its franchise systems and the success of these brands in the retail arena.
Asking $349,000 + SAV.