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Night Owl Convenience Store Brisbane Inner Fringe QLD (Ref # 1498)
South Brisbane. Turnover $1.5M per annum (excluding GST). Net to 1 owner $90K per annum. Good lease plus a 5 years option and a further 5 years option. Established July 2017. Good rent deal.
This business is essentially a franchised convenience store which belongs to the Night Owl group. It has an extensive range of products, which broadly includes; ‘Owl Café’ premium coffee, ‘Frost Bite’ icy soft drinks, ‘The Imposter’, ‘Go Card’, ‘Eat it Fresh’ fruit, ‘$5 Milk & Bread Combos’, ‘youfoodz’ vegetable packs, ‘$6 Food Combos’ in the form of a sausage roll or pie with a soft drink of your choice, the main toiletry and hygiene items, etc. This convenience store is clearly visible by the “Night Owl” fresh orange, white and black logo design with a yellow background.
The store has 180 degrees exposure to the road and footpath, with large windows fronting the same. Some of the nearby businesses to the premises, include: a café and various commercial businesses. The immediate are is densely populated with medium height apartment buildings and office blocks. There is ample parking on the street and many of the clients are walking distance from home or work to the premises.
The ‘Night Owl’ brand was first franchised during 1987 and the first franchised store was opened at Newfarm QLD in 1988. The history of the concept was the founder foresaw a need for a convenience store which offers traditional grocery items, fresh fruit and vegetables, BBQ chickens and opens 24 hours per day, 7 days per week. The Night Owl group now boasts approximately 70 convenience stores throughout Australia. (NB the photo is a generic photo only & not a photo of the actual business). Great opportunity to get into the supermarket/convenience store business!! Well sought after franchise group!!
Asking $350,000 + SAV.
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